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GAO - Watchdog Report
Featuring interviews with GAO officials on significant issues and new reports, the Watchdog Report is recorded, hosted, and produced by GAO staff.
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COVID-19's Impacts on the Aviation Industry and the Federal Effort to Help
Thursday, December 10, 2020
Because of COVID-19, U.S. passenger air carriers are in dire economic straits in need assistance to prevent layoffs and other impacts to their employees, as well as significant impacts to travelers if there are reduced services. The CARES Act relief package authorizes the Department of Treasury to make us to $46 billion in loans or loan guarantees to support aviation and other businesses, but while that assistance is available, it has not been fully utilized. We talked to GAO's Heather Krause, an expert on aviation industries and a director in our Physical Infrastructure Team to find out more.
