President Donald Trump would support legislation to give more financial aid to airlines, White House Chief of Staff Mark Meadows said after meeting with industry executives Thursday, according to a Bloomberg News report (United Airlines Holdings Inc. (UAL) and American Airlines Group Inc. (AAL) have warned they plan mass layoffs in October, after a federal prohibition expires.). Meadows said the airline industry needs $25 billion and that as many as 50,000 jobs are at risk. As Bloomberg writes, airlines including
-Robert Schroeder; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 17, 2020 10:39 ET (14:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.