Desperate Airlines Await Bailout; Air Canada Lays Off 5,000
- Small airlines at bankruptcy risk soon, industry group says
- Carriers are curtailing or suspending flights amid virus
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For airlines caught in the eye of the coronavirus storm, Canada’s second fiscal act can’t come soon enough.
Prime Minister Justin Trudeau’s government promised that a plan to help the industry would follow an C$82 billion ($56.9 billion) aid package announced Tuesday. Airlines say he’d better hurry. Providing too little money, too late could prove fatal for some.