U.S. lawmakers nearing deal for massive aviation sector bailout: sources [Reuters]
American Airlines Group, Inc. (AAL)
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Source: Reuters
U.S. lawmakers nearing deal for massive aviation sector bailout - sources - Reuters 3 Min Read WASHINGTON/CHICAGO (Reuters) - U.S. lawmakers are nearing agreement on a $61 billion rescue package for the aviation sector that would include $25 billion in payroll grants for passenger airlines weathering a sharp falloff in travel demand amid rising coronavirus outbreaks, three people briefed on the matter said. The deal, which still needs final approval from lawmakers, is also expected to include $4 billion in grants for cargo carriers and $3 billion for contractors like caterers to cover payroll costs, as well as another $29 billion in loans. The package follows a forceful push by airlines and unions that any aid include grants, rather than just loans as in a preliminary Republican proposal envisioned over the weekend. Airlines have warned that without cash grants they could be forced to lay off hundreds of thousands of people as U.S. travel demand has collapsed, leaving the airlines wit
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AAL
Earnings
- 10/24/24 - Beat
AAL
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- AAL's page on the SEC website