Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants: sources [Reuters]
American Airlines Group, Inc. (AAL)
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Source: Reuters
Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants: sources (Reuters) - Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said. The U.S. Treasury told airlines to apply by Friday if they want priority consideration, according to documents posted on its website. An airline official told Reuters most airlines are expected to apply in part because they will not be required to draw down the loan before the end of September and the terms are favorable. American Airlines Group Inc ( AAL.O ) confirmed on Tuesday it plans to apply for a $4.75 billion loan ahead of the Friday deadline set by Treasury for priority consideration. Alaska Airlines Inc [ALKAIR.UL] said it would apply for $1.1 billion in federal loans. Among other large carriers, United Airlines Holdings Inc ( UAL.O ) and Southwest Airlines Co ( LUV.N
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AAL
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- American Airlines Group Inc. (NASDAQ: AAL) had its price target raised by analysts at Evercore ISI from $10.00 to $12.00. They now have an "in-line" rating on the stock.MarketBeat
AAL
Earnings
- 7/25/24 - Beat
AAL
Sec Filings
- 9/23/24 - Form 4
- 9/23/24 - Form 4
- 8/1/24 - Form 4
- AAL's page on the SEC website