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Sunday, September 27, 2020 12:45:26 PM
In March, U.S. air travel demand crashed from near 2019 levels to down more than 90% year over year. Refunds started to outpace cash ticket sales for many airlines, putting severe stress on their balance sheets. Only one thing enabled the industry to avoid desperate moves like mass furlough...
Read the whole news UAL - As CARES Act Funds Run Out, Airlines Plead for More Aid
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