Major U.S. airlines Wednesday will defend a $54 billion COVID-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand.
and the head of a large flight attendants unions. Others like JetBlue Airways and Alaska Air Group are submitting written statements.
Congress approved $54 billion in three rounds covering much of U.S. airline payroll costs for 18 months. Many other countries' aviation COVID-19 assistance required a higher percentage of funds repayment, while other U.S. industries did not get the same government financial support. U.S. airlinesOut of $54 billion, airlines must repay $14 billion, or 26.2%, and Treasury holds warrants currently worth approximately $200 million, a Commerce Committee memo says. Treasury also extended $25 billion in low-cost government loans to carriers.
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