Start the conversation
Airline stocks find themselves in a precarious situation right now.
In April, these businesses received $25 billion in bailouts from the U.S. government to continue paying their hundreds of thousands of employees.
Under the terms stipulated by the government, the airlines weren't allowed to make any layoffs or job cuts until Sept. 30.
The government hoped the money would be enough to tide the airlines over until October, when travel was expected to pick back up again…
But that clearly hasn't happened.
You see, the number of passengers going through TSA is down 74% from a year ago.