Some U.S. airlines nearing acceptance of payroll aid plan -sources [Reuters]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Reuters
Some U.S. airlines nearing acceptance of payroll aid plan -sources (Reuters) - Some large U.S. passenger airlines are close to accepting the terms of a $25 billion offer for government coronavirus payroll aid, with announcements possible as early as Tuesday, people briefed on the matter said. Brent McIntosh, the Treasury undersecretary for international affairs, told Reuters on Monday the agency was not planning to change the terms laid out on Friday, which require 30% of the funds allotted to each airline to be repaid. The U.S. government would also receive warrants equal to 10% of the loan amount. “We’ve attempted to come up with an equitable methodology that works for all passenger air carriers, and we don’t want to engage in individual negotiations that would require us to make changes across the carriers,” he said. Based on wages and benefits in the second and third quarters of 2019, American Airles Group Inc ( AAL.O ) and United Airlines Holdings Inc ( UAL.O ) were each elig
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DAL
Earnings
- 1/13/26 - Miss
DAL
Sec Filings
- 3/5/26 - Form 8-K
- 2/27/26 - Form 4
- 2/26/26 - Form 144
- DAL's page on the SEC website