After they collectively raised more than $100 billion this year to combat the worst downturn in commercial aviation history, including $50 billion in government funds provided by the Coronavirus Aid, Relief and Economic Security (CARES) Act, no major U.S. airline currently faces a significant near-term risk of going bankrupt.
Accessexclusive subscriber-onlycoverage as the recovery to 2019 levels of profitability remains distant, but carriers believe they can stem daily losses in the medium-term future.
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