Exclusive: US airports seek US$10 billion in government assistance over travel demand collapse - sources

U..S. airports are seeking US$10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.

FILE PHOTO: An empty International Terminal of San Francisco International Airport is pictured after the U.S. air travel ban, in San Francisco, California, U.S. March 13, 2020.REUTERS/Kate MunschWASHINGTON: U..S. airports are seeking US$10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.

Airports have been in discussions with the White House and U.S. lawmakers, the sources said. Airports Council International - North America said it had now updated its forecast of losses this year to least US$8.7 billion and cautioned it is likely to grow. The airports rely on passenger traffic for revenue and met with the White House last week to raise urgent concerns about the decline in passenger traffic.

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