Treasury briefing U.S. airlines on $32 billion grant program -sources [Yahoo! Finance News]
American Airlines Group, Inc. (AAL)
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Source: Yahoo! Finance News
By David Shepardson and Tracy RucinskiWASHINGTON/CHICAGO, April 10 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, United Airlines , Delta Air Lines Southwest Airlines Co, JetBlue Airways Corp and Alaska Airlines -- are expected to get around 90% of the $25 billion package.While some of the money will be "
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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