Airlines wait as Treasury applies strings to payroll aid [ABC News]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: ABC News
The Treasury Department has missed a deadline to start payingairlinesThe chief holdup is Treasury’s insistence that some of the $25 billion in payroll assistance be in the form of loans, not cash.The impasse suggests thatThe airlines thought they had a deal last month: Congress agreed to give passenger airlines $25 billion in cash grants to cover payroll costs for six months.But Treasury Secretary Steven Mnuchin told CEOs of the six largest airlines on Friday that 30% of the aid instead would be low-interest loans that they would have to pay back with securities that could be converted to stock —giving the government an ownership stake in the carriers, according to people familiar with the negotiations.That surprised the airlines.“We believe the law indicated that the (direct aid) funding was to be only in grants — which is considerably more effective for our employees — and not a combination of grants and loans,” a spokeswoman for the trade group Airlines for America said in a statem
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- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
- Ground stop issued for Delta flights at Detroit Metro Airport due to network outage [CBS News]CBS News
- A New York to Scotland flight got all the way across the Atlantic before an air traffic control problem forced a diversion to Ireland [Business Insider]Business Insider
DAL
Earnings
- 10/9/25 - Beat
DAL
Sec Filings
- 12/3/25 - Form 8-K
- 11/14/25 - Form 13F-HR
- 10/23/25 - Form 4
- DAL's page on the SEC website