“Suspending journey on such a broad scale will create unfavorable consequences across the financial system,” stated Alexandre de Juniac, the chief govt of the International Air Transport Association, an trade group. “Governments should recognize this and be able to help” the business. Airlines even have challenges that come from participation within the authorities’s $50 billion airline assist program. Carriers are required to keep up air service to every market it at present serves, even when there may be little demand.
As recently as February, Southwest was the fourth-largest airline in the world behind American, United and Delta, according to OAG. But it doesn’t come close to matching the extreme drop the airline trade is seeing. Daily passenger traffic by way of airports is lower than 5{81cc0fe1eab66fe80e6ceffe4a8fe2aab5fa5a99360d51e86fd3ace4228455bf} what it was a 12 months ago, in accordance with the Transportation Security Administration. Dallas Love Field, the place Southwest is predicated, is only …