Trump Says U.S. Will Be ‘Backstopping’ Virus-Hit Airlines

Trump Says U.S. Will Be ‘Backstopping’ Virus-Hit Airlines

(Bloomberg) -- President Donald Trump confirmed his administration is working on a financial support plan for U.S. airlines, which are struggling after a collapse in travel due to the coronavirus outbreak.

“We’re going to be backstopping the airlines,” Trump said at a White House news conference on Monday. “We’re going to be helping them very much.”

©2020 Bloomberg L.P.

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