Treasury Completed Loans With 7 Large Airlines, Calls For More Aid

The Cares Act provided $25 billion to airlines to prevent layoffs, but this aid is expiring, risking mass job losses. Treasury Secretary Steven Mnuchin has urged Congress to approve more aid to support aviation workers as the economy reopens. The pandemic has severely impacted the travel industry, with air travel at one-third of last year's levels. Recovery is expected to improve only with widespread vaccine availability.

What was the primary purpose of the $25 billion aid provided to airlines by the Cares Act?

• To increase flight frequency

• To reduce ticket prices

• To prevent mass layoffs

• To expand airline routes

What is the potential consequence if the aid to airlines is not extended?

• Introduction of new routes

• Mass layoffs

• Increase in ticket prices

• Expansion of airline services

Who called on Congress to approve more aid for the aviation industry?

• The Secretary of State

• The Treasury Secretary

• The Vice President

• The President

What is the current state of US air travel compared to a year ago?

• It is about the same

• It has doubled

• It has completely stopped

• It is at about one-third

What do airline executives believe is necessary for the travel industry to recover?

• Increased government subsidies

• A widely available vaccine

• More international flights

• Lower fuel prices