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Trump Proposed $25 Billion Rescue Package For U.S. Airlines

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On late Tuesday, October 6, 2020, United States (U.S.) President Donald Trump urged Congress to allot $25 billion bailout assistance for the ailing American passenger airlines.

The ongoing COVID-19 pandemic has hit hard on the global airline industry due to the sudden travel restrictions imposed by governments across the globe.

As a result of the adverse impact of the pandemic, the top U.S. airlines including American Airlines and United Airlines recently announced last week that they have begun furloughing of 32,000 employees in a combine.A prior U.S.

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