COVID-19's Impacts on the Aviation Industry and the Federal Effort to Help

Thursday, December 10, 2020
COVID-19's Impacts on the Aviation Industry and the Federal Effort to Help

COVID-19's Impacts on the Aviation Industry and the Federal Effort to Help

Because of COVID-19, U.S. passenger air carriers are in dire economic straits in need assistance to prevent layoffs and other impacts to their employees, as well as significant impacts to travelers if there are reduced services. The CARES Act relief package authorizes the Department of Treasury to make us to $46 billion in loans or loan guarantees to support aviation and other businesses, but while that assistance is available, it has not been fully utilized. We talked to GAO's Heather Krause, an expert on aviation industries and a director in our Physical Infrastructure Team to find out more.