By David Shepardson
WASHINGTON (Reuters) – Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
Airlines for America, which represents American Airlines (O:), United Airlines Inc (O:), Delta Air Lines Inc (N:), Southwest Airlines Co (N:) and others, said the industry needs $25 billion in grants, $25 billion in loans and significant tax relief, including the return of at least $4 billion in taxes paid this year, to survive.
It warned that without action, airlines could run out of money by year-end – and even sooner if credit card companies withhold payments.
Democrats are expected to back assistance to the sector. But aides say they will likely demand significant conditions as part of any bailout and its form is still uncertain.
U.S. House Speaker Nancy Pelosi and some others insist…