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Stock impact report

UPDATE 1-Treasury briefing U.S. airlines on $32 billion grant program -sources [Reuters]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research 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 Show less Read more
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