Airlines Can Consolidate Routes While Receiving Coronavirus Aid, Says USDOT
The U.S. Department of Transportation has issued guidance paving the way for airlines like Southwest (NYSE: LUV) and Delta (NYSE: DAL) to consolidate some routes while remaining eligible for stimulus funds.
In an order on Tuesday, USDOT clarified that airlines currently serving multiple airports within a metropolitan area could consolidate their operations to a single airport without running afoul of Treasury Department guidelines issued Monday.
The clarification is a boon for airlines struggling to stay afloat as coronavirus fears and related travel restrictions have caused ridership to evaporate.
Source Fool.com
