U.S. airlines called on Friday for a government stimulus package to help them we...
) displayed a united front with their unions, together asking employees to write letters to Congress urging action.
Airlines have already raised capital, suspended share buybacks, cut executive pay, slashed flights and grounded jets to reduce costs and preserve cash during a steep erosion in air travel demand. “Whatever they ask for will be very controversial,” said Al Koch, vice chairman of AlixPartners, who was involved in the restructuring of General Motors in 2008-09. “It’s one thing for Trump to say we’ll stand behind airlines, and another thing for Congress to enact something into law.”
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