One of the major developments in the last few hours is that the world’s biggest carrier in terms of passengers, American Airlines, is now seeking $12bn (£9.7bn) in support from the US government to help it through the crisis.
The funds were allocated to the company in the $2.2tn economic stimulus package approved by the US government last week.
American Airlines hopes the financial support means pay cuts and involuntary furloughs can be avoided.
The carrier says there will be reduced flight schedules over the next few months and the company will therefore offer enhanced voluntary leave and early retirement options to its staff.
With airlines around the globe practically grounded, there’s growing concern how those companies can survive the next weeks.
Source: bbc.com