Pelosi says there will be no stand-alone aid for airlines without bigger stimulus bill

Pelosi says there will be no stand-alone aid for airlines without bigger stimulus bill

A JetBlue Airways Corp. plane taxis next to American Airlines Group Inc., Delta Air Lines Inc., and Alaska Airlines Inc. aircraft at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020.

Andrew Harrer | Bloomberg | Getty Images

Airline stocks fell Thursday after House Speaker Nancy Pelosi said there won’t be a standalone bill for additional aid for carriers without a larger coronavirus stimulus package.

Pelosi’s comments come two days after President Donald Trump halted talks for a national coronavirus package until after the election, but urged additional aid for the ailing airline sector.

Airlines last week started furloughing more than 33,000 workers. Carriers agreed not to cut any workers until Oct. 1 under the terms of $25 billion in support Congress approved in the $2.2 trillion CARES Act in March.

The funds were meant to help airlines manage a dip in demand but a significant rebound in air travel demand has failed to materialize. Airlines and labor unions have been urging lawmakers and the Trump administration to approve $25 billion more to preserve jobs through March 2021.

This is breaking news. Check back for updates.

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