Aviation Industry Gets Tens of Billions in Economic Stimulus Package

Airlines, airports receive help to cope with cratering demand amid COVID-19 pandemic

By Matt Neistein

Published March 30, 2020

Read Time: 3 mins

As the aviation industry copes with a historically steep drop in demand and revenue due to the COVID-19 pandemic, Congress passed a $2 trillion stimulus package last week to help keep the economy afloat.

The CARES Act legislation, designed to help both businesses and millions of consumers who were furloughed or laid off as a result of the economic slowdown, is one of the largest stimulus bills in U.S. history.