U.S. airlines from American Airlines Group Inc (AAL) to Delta Air Lines Inc. (DAL) are collectively burning more than $10 billion in cash a month, Reuters reported referring to an industry trade group testimony.According to the testimony prepared by Airlines for America ahead of a U.S. Senate hearing on Wednesday, the airline industry is averaging fewer than two dozen passengers per domestic flight as the coronavirus-related restrictions have brought air travel to an almost complete halt.The four largest U.S. airlines are averaging just 17 passengers per domestic flight and 29 passengers per international flight, according to the testimony.“The U.S. airline …read more
Source:: Yahoo Finance
