Booking Holdings CEO Glenn Fogel on Wednesday urged Congress to provide support to the airline industry, suggesting failure to act soon would prevent a swift recovery in travel after the coronavirus situation improves.
“I do believe the travel industry will come back. As soon as it’s safe to travel, people will start traveling,” Fogel said on CNBC’s “Squawk Alley.” “It’s really a function of how fast it will come back and how much damage to the industry. I see no reason that we should have to wait extra years because we took time putting money to work now.”
Fogel’s comments came shortly after a spokesman for House Speaker Nancy Pelosi said the California Democrat had spoken with the White House’s lead stimulus negotiator, Treasury Secretary Steven Mnuchin, about a standalone bill to provide aid to the airline industry.
President Donald Trump on Tuesday night said on Twitter that he would