UPDATE 2-Treasury briefing U.S. airlines on $32 billion grant program -sources [Reuters]
American Airlines Group, Inc. (AAL)
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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 some details of a $32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters. U.S. President Donald Trump has said airlines could receive details this weekend about the terms of the package meant to offset the impact of the coronavirus outbreak. “We have a great plan for the airlines. We’ve got to keep the airlines going. You know it’s never been a great business but it’s a very vital business for the country,” Trump said on Friday. 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 Grou
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AAL
Earnings
- 1/25/24 - Miss
AAL
Sec Filings
- 4/11/24 - Form PRE
- 3/12/24 - Form 8-K
- 3/5/24 - Form 8-K
- AAL's page on the SEC website