Treasury briefing U.S. airlines on $32 billion grant program -sources [Reuters]
American Airlines Group, Inc. (AAL)
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Source: Reuters
Treasury briefing U.S. airlines on $32 billion grant program: sources WASHINGTON/CHICAGO (Reuters) - U.S. Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a $32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters. U.S. President Donald Trump said on Thursday that airlines could receive details this weekend about the terms of the package meant to offset the impact of the coronavirus outbreak this weekend. Under the $2.3 trillion CARES Act, passenger airlines are eligible for $25 billion in cash grants for payroll while cargo carriers can get $4 billion and airport contractors like caterers and airplane cleaners $3 billion. Reuters reported on Thursday that the six largest U.S. airlines — American Airlines Group ( AAL.O ), United Airlines ( UAL.O ), Delta Air Lines ( DAL.N ) Southwest Airlines Co ( LUV.N ), JetBlue Airways Corp JBLU.N and Alaska Airlines ( ALK.N ) — a
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AAL
News
- American Airlines Stock Has a New Bull, Thanks to a New Citi Card Deal [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- American Airlines Group Inc. (NASDAQ: AAL) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating. They now have a $24.00 price target on the stock.MarketBeat
- American Airlines (AAL) Upgraded to Strong Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- New Strong Buy Stocks for December 27th [Yahoo! Finance]Yahoo! Finance
AAL
Earnings
- 10/24/24 - Beat
AAL
Sec Filings
- 12/27/24 - Form 144
- 12/23/24 - Form 8-K
- 12/13/24 - Form 4
- AAL's page on the SEC website