COVID-19 has hit the airline industry particularly hard. From a financial perspective, the first three months of the virus crisis involved airlines securing liquidity and petitioning for aid from the financial government based on the CARES Act. As the 2nd quarter of 2020 ended, airlines shifted their focus to developing plans for operations beyond September 30 when government grant money ends. The U.S. Treasury has approved loans for all U.S. airlines that requested them in amounts roughly equal to 10% of their 2019 expenses. Several airlines have recently released preliminary information on the number of