Detroit News: Planes, Trains and Motorcoaches Seek Bailouts as Virus Hammers Demand
Planes, Trains and Motorcoaches Seek Bailouts as Virus Hammers Demand
The Detroit News
March 17, 2020
The American Bus Association, which represents motorcoach and charter bus companies in Washington, said Tuesday the coronavirus pandemic will cost the bus industry dearly. The group said nearly all of the charter and tour market has stopped operating, scheduled intercity service is down by more than half and continues to drop, and local commuter bus markets are down more than 60% as of Monday.
“If, as President Trump recently suggested, the current situation lasts well into the summer, August at the latest, the motorcoach industry will lose nearly $8 billion,” the group said. “Further, it is very unlikely the businesses or transportation network will be able to return to pre COVID-19 levels of operation over the next year.”
