Coronavirus drives 75% of small businesses to seek federal aid
Wall Street Journal: Three out of four U.S. small businesses have sought federal aid to cope with fallout from the new coronavirus, according to a Census Bureau survey released today in another indication of the widespread damage caused by the pandemic. The survey found that 75% of respondents sought Paycheck Protection Program assistance, a percentage that was even higher in consumer businesses. A much smaller share of firms reported actually receiving funds through the program, however. Thirty-eight percent of respondents said they had gotten the loan money.

Poor Americans hit hardest by job losses amid lockdowns, Fed says
New York Times: Households entered the coronavirus shutdown in precarious economic positions that have only worsened as workers are furloughed by the millions, and the challenges are especially acute for the poorest Americans, according to a new Federal Reserve survey released today. Fully 39% of workers living in a household earning $40,000 or less lost work, compared with 13% in those making more than $100,000, a Fed official said.

Delta, others wrestle with too many planes, too many pilots
Reuters: Delta Air Lines today moved to retire its Boeing Co. 777 fleet and reduce its pilot ranks as it joins other airlines wrestling with the need to shrink their operations to match reduced air travel due to the coronavirus crisis. After announcing that it would no longer fly its 18 wide-body 777s, Delta told its 14,500 pilots that it expects to have 7,000 more than it needs in the fall, according to a memo to flight operations employees.