Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.
The CEOs of 10 U.S. passenger and cargo carriers said that without direct cash assistance,"draconian measures" such as furloughs may be necessary. Unions insist that support be conditioned on the airlines not breaking collective bargaining agreements. United, Delta Air Lines, American Airlines Group, FedEx, Southwest Airlines Co, UPS and others warned in their letter to lawmakers on Saturday that"time is running out."
Airlines on Monday sought US$58 billion in cash grants and loans equally divided, with US$50 billion for passenger airlines and US$8 billion for cargo carriers. They also sought billions in additional tax relief.
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