As the major U.S. airlines, still dealing with the fallout of the coronavirus, prepare to furlough thousands of workers, President Trump is ready to throw the industry a lifeline.
“We’ll be helping the airlines, you have to help the airlines, it’s a tough business always is. Airlines are a tough business in good times and we are about ready to get back to good times” said Trump on his way to Kenosha, Wis. without elaborating on specifics.
![](https://oneparknews.com/wp-content/uploads/2020/08/robinhood-free-stock-offer.png)
His comments follow similar remarks last week from White House Chief of Staff Mark Meadows, who hinted that an executive order could be becoming.
Already the industry received $25 billion from the federal government in March to prevent coronavirus-related layoffs or furloughs through September.
im Bianco, of Bianco Research, points out the sharp rise in Zoom stock–which hit an all-time high today and is close to surpassing IBM in market value–against airline stocks, which have been pummeled.