(Undated) — U.S. airlines are likely to top 35-billion-dollars in losses for 2020 due to the pandemic. According to FactSet, net losses are expected to run that high as major carriers cut routes and parked hundreds of jets. The COVID-19 pandemic ended a decade of profits for the industry as travel demand plunged. Analysts say the good news is that air travel is starting to rebound with TSA screenings of about a million people a day around the holidays.
U.S. Airlines Losses Likely To Top $35 Billion For 2020
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