Motorcoach Industry Facing Uncertain Future without Financial Help from Government
By Aaron Farrar
July 30, 2020
“We’re going to see 25 to 40 percent of companies shut down permanently,” said ABA president and CEO Peter Pantuso. “Their employees, probably close to 50,000, about half of the employees, be put out of business.”
Pantuso says the industry typically racks up $15 billion every year through its three services: chartered tours, commuters, and scheduled service. Because of COVID-19, the ABA anticipates the industry driving in just $4 billion in 2020.
“It had completely idled most of it,” Pantuso said Wednesday, July 29.