Biden administration agrees to award airlines another $14 billion payroll
Various sectors went vulnerable during the COVID pandemic and the worst affected is the Travel and Tourism sector, consisting airline industry. U.S. airline passenger traffic fell 63.3% in January.
The industry recorded its worst month since September amid COVID-19, according to the U.S. Transportation Department.
U.S. airline passenger traffic tumbled down to 60% to 368 million passengers, the lowest since 1984, as the industry reported pre-tax losses of $46 billion.
The largest U.S airlines carried 25.8 million passengers in January, compared with 70.5 million passengers in the same month last year.
On Thursday, President Joe Biden signed legislation that awards airlines another $14 billion payroll assistance package.