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Major airlines rushed to the US Congress for relief in the form of federal assistance. The industry was allocated $15 billion; a part of the relief came as outright grants to cover the losses of operating revenue following the shut down of the industry by federal order, while the rest was in the form of loan guarantees.
However, this assistance was not enough to pull the industry out of its heavy losses. It continued to lose billions of dollars every day because of the slow rate of passenger return. To reduce their losses, the airline industry in the US cut the number of flights by 20% and laid off 16% of their workforces in the weeks following the attacks...
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