Can they be saved? Travel industry winners and losers of federal bailout
When it comes to the economic toll from the coronavirus, few sectors have taken a bigger hit than travel.
Now comes the test to see whether the federal stimulus package is big enough and structured in a way that will allow airlines, hotels, cruise lines and other travel businesses to make it over the hump until Americans are ready to travel again.
More than two weeks after President Donald Trump signed the $2 trillion federal stimulus to bail out companies large and small, details are emerging that point to winners and losers in the travel sector.
Though called a stimulus, there's not a lot of travel business at the moment to stimulate. "It's really a relief package," said Tori Emerson Barnes, executive vice president for the U.S. Travel Association.
