WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Friday said he thinks the Trump administration will in a matter of weeks unveil additional aid for U.S. airlines, which have been dealt a blow by a coronavirus pandemic that has grounded most flights.
“If they need additional assistance, we stand ready to work with them to hammer out additional packages,” Kudlow told Bloomberg TV in an interview.
Airlines received $25 billion in U.S. government stimulus funds in March meant to cover payrolls and protect jobs through September. Congress also approved another $25 billion in loans for airlines but much of the money has not been tapped.
As bailout money runs out without a travel recovery in sight, airlines and unions have lobbied Washington for another $25 billion. But talks have stalled as Congress has struggled to reach agreement on a broader coronavirus assistance package, despite significant bilateral support for