Crippled Airline Industry to Get $25 Billion Bailout, Part of It as Loans [The New York Times]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: The New York Times
WASHINGTON — The Trump administration has reached an agreement in principle with major airlines over the terms of a $25 billion bailout to prop up an industry hobbled by the coronavirus pandemic.The Treasury Department said that Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines would participate. The program is supposed to help the companies pay their workers and was created as part of the economic stabilization package that Congress passed last month.In recent days, the bailout negotiations had became contentious over the Treasury’s insistence that larger airlines repay at least some of the money they received. The two sides ultimately agreed that the government’s support would be structured as part grant and part loan and the Treasury would also receive warrants to buy stock in the companies.“This agreement will fully support airline industry workers, pre
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- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Evercore ISI from $75.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Seaport Global Securities from $80.00 to $89.00. They now have a "buy" rating on the stock.MarketBeat
DAL
Earnings
- 1/13/26 - Miss
DAL
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DAL's page on the SEC website