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U.S. COVID-19 help ‘saved’ business By Reuters


© Reuters. FILE PHOTO: Flanked by different airline executives, American Airways CEO Doug Parker speaks to reporters after assembly with White Home Chief of Employees Mark Meadows in Washington, U.S., September 17, 2020. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) – American Airways (NASDAQ:) Chief Govt Doug Parker will inform a U.S. Senate committee that $54 billion in COVID-19 U.S. authorities help “saved the airline business,” in response to testimony seen by Reuters.

Parker is about to testify alongside the chief executives of Southwest Airways (NYSE:) and United Airways on Wednesday.

He’ll inform the panel that had Congress structured all the help as authorities loans most airways “would have survived by shutting down flying in April 2020, furloughing virtually all of our groups, and ready for demand to return to ranges sturdy sufficient to justify restoring flying. Because it seems, that will have been someday in 2021.”

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