United Airlines CEO Oscar Munoz is telling top lawmakers that the economic impact of the coronavirus pandemic on his industry is "much worse" than that experienced from the 9/11 terrorist attacks.
"We unequivocally support prudent steps like these to keep the American people safe. But, these actions have also created a fast-moving, financial crisis unlike anything the U.S. airline industry has faced before," Munoz wrote in a letter first obtained by Politico.
"In fact, the financial impact of this crisis on our industry is much worse than the stark downturn that we saw in the aftermath of the 9/11 attacks," he continued.
ADVERTISEMENT
United's top executive also noted that March is normally the airline's busiest month, but the company has so far flown 1 million fewer customers than usual. Munoz added that revenue projections for this month are $1.5 billion below March 2019 due to the significant drop in customers.
Many airlines like United have slashed their number of flights and restricted air travel in general, as the spread of the virus has continued worldwide.
"On behalf of the nearly 100,000 airline professionals at United Airlines, we -- the leaders of the company’s management and organized labor unions -- have a simple message: please act quickly – this week – to protect our livelihoods," Munoz said in the letter.
It was sent to Treasury Secretary Steve Mnuchin, Speaker Nancy Pelosi
Nancy PelosiThe Hill's Morning Report - Trump shifts his tone on coronavirus Congress hit for not doing more on paid leave House passes corrected coronavirus bill MORE (D-Calif.), House Minority Leader Kevin McCarthy
Kevin Owen McCarthyThis week: Senate balances surveillance fight with growing coronavirus concerns Sunday shows preview: Lawmakers gear up for another week fighting the coronavirus, seek to curb fallout Trump touts coronavirus response bill: 'Good teamwork' MORE (R-Calif.), Senate Majority Leader Mitch McConnell
Addison (Mitch) Mitchell McConnellThe Hill's Morning Report - Trump shifts his tone on coronavirus Mnuchin to pitch Senate GOP on third coronavirus package Tuesday Overnight Health Care: Trump says coronavirus crisis could last through summer | House bill hits new roadblocks | Schumer to propose 0B for third aid package | Researchers launch first vaccine trial | Dow plunges after Fed cuts rates MORE (R-Ky.) and Senate Majority Leader Chuck Schumer
Charles (Chuck) Ellis Schumer12 things to know today about coronavirus House lawmakers indefinitely postpone return to Washington Watchdog raises concerns over Trump energy regulator MORE (D-N.Y.).
On Tuesday, Mnuchin met with Senate GOP members to discuss the details on the Trump administration's third legislative aid package aimed at combating the economic fallout from the virus.
"impact" - Google News
March 17, 2020 at 06:59PM
https://ift.tt/3d2KtKJ
United Airlines chief: Virus impact 'much worse' than 9/11 | TheHill - The Hill
"impact" - Google News
https://ift.tt/2RIFll8
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "United Airlines chief: Virus impact 'much worse' than 9/11 | TheHill - The Hill"
Post a Comment