U.S. Airline Unions Call for New Bailout

from Boom Bust

Markets are slumping after the Federal Reserve put a halt to buybacks and imposed new restrictions on the US banking system in the midst of the COVID-19 pandemic. While the airline industry has struggled in recent months, some big changes could be coming to the sector. Labor unions representing thousands of airline employees have asked US lawmakers for another bailout as demand plummets due to the pandemic. On the other hand, the EU is set to rule on whether they will open their borders to Americans in the coming week.

#BoomBust #QuestionMore #RTAmerica

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