Home » Economy » Coronavirus makes US airlines spend $10B a month despite travel decline
Coronavirus makes US airlines spend $10B a month despite travel decline
Flying private during coronavirus
Set Jet co-founder and CEO Tom Smith discusses the health protocols his company practices before flights and what fares are currently available to customers.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
Even after grounding more than 3,000 aircraft, or nearly 50% of the active U.S. fleet, the group said its member carriers, which include the four largest U.S. airlines, are averaging just 17 passengers per domestic flight and 29 passengers per international flight.
DELTA CONFIRMS CORONAVIRUS MIDDLE SEAT RESTRICTION AFTER CUSTOMER'S TWEET