Treasury and Airlines Agree on Terms of Industry Bailout [The New York Times]
Delta Air Lines, Inc. (DAL)
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Source: The New York Times
WASHINGTON — The Trump administration has reached an agreement in principle with major airlines over the terms of a $25 billion bailout to prop up an industry that has been hobbled by the coronavirus pandemic.The Treasury Department said that Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines would participate. The program is supposed to help the companies pay their workers and was created as part of the economic stabilization package that Congress passed last month.“We welcome the news that a number of major airlines intend to participate in the Payroll Support Program,” the Treasury secretary, Steven Mnuchin, said in a statement. “This is an important CARES Act program that will support American workers and help preserve the strategic importance of the airline industry while allowing for appropriate compensation to the taxpayers.”Last week, the Treasury De
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DAL
Earnings
- 10/10/24 - Miss
DAL
Sec Filings
- 12/13/24 - Form 3
- 12/13/24 - Form 8-K
- 12/3/24 - Form 13F-HR
- DAL's page on the SEC website