25 min

Planes, Trains and COVID-19 The Debrief with Major Garrett

    • Politics

The economic consequences of the coronavirus pandemic are all around us - millions out of work, businesses shuttered for good, gridlock on Capitol Hill preventing more aid from flowing to those in need. The trillion-dollar travel industry has been hit as hard as any.

International routes, which used to account for about half of American carriers' business, are virtually non-existent now. Here at home, airline passenger volume and hotel occupancy are limping along. Without help from the federal government, major American carriers have said they'll have no choice but to scale back their workforces in October. About a quarter of hotel properties in the US are behind on mortgage payments. Cruise ships are docked in port or headed for the scrap yard.

This week, Major takes a trip down the long, hard road ahead for the travel industry.

The economic consequences of the coronavirus pandemic are all around us - millions out of work, businesses shuttered for good, gridlock on Capitol Hill preventing more aid from flowing to those in need. The trillion-dollar travel industry has been hit as hard as any.

International routes, which used to account for about half of American carriers' business, are virtually non-existent now. Here at home, airline passenger volume and hotel occupancy are limping along. Without help from the federal government, major American carriers have said they'll have no choice but to scale back their workforces in October. About a quarter of hotel properties in the US are behind on mortgage payments. Cruise ships are docked in port or headed for the scrap yard.

This week, Major takes a trip down the long, hard road ahead for the travel industry.

25 min

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