Airlines for America (A4A) Warns Aviation Investors

INNO

Even after grounding more than 3,000 aircraft, or nearly 50% of their active fleets, U.S. airlines are averaging just 17 passengers per domestic flight and 29 passengers per international flight.

The industry is “burning more than $10B in cash a month,” trade group Airlines for America warned in prepared testimony ahead of today’s Senate hearing on the “State of the Aviation Industry.” It will “emerge from this crisis a mere shadow of what it was just three short months ago,” CEO Nicholas Calio declared.

 

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