Sixteen Senate Republicans have signed onto a proposal for a second airline payroll bailout. The measure, which would give U.S. carriers a second $25 billion injection, likely has enough votes to pass – but that doesn’t mean it’ll be in the next coronavirus relief package.
The stock market response to the news shows this is really a subsidy for airline owners. Meanwhile the funding is unnecessary, too late, and too much money to address the stated desire to protect workers.