Issue Overview

A Record for ‘All the Wrong Reasons’

A Record for ‘All the Wrong Reasons’

February 8th, 2021 at 9:27 AM EST
11 min read

Issue Overview

So here we are, financial results from the six largest U.S. airlines in hand. Those airlines lost a total of $43.8 billion last year. Or, put another way, that's just a few billion less than the amount the industry lost, cumulatively, during the 1990s and 2000s. Were it not for tens of billions in federal aid, we might have seen an airline or two disappear.

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