UPDATE 1-US to hold auctions to sell airline warrants received during COVID bailouts [Yahoo! Finance]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance
Treasury Department said on Friday it planned to conduct a series of auctions to sell its warrants to purchase stock in U.S. airlines it received after Congress approved $54 billion in COVID-19 air carrier assistance in 2020 and 2021. Out of $54 billion awarded, airlines were required to repay $14 billion. Treasury received warrants to purchase stock at the share price of the time of the government awards. Airlines accepting government assistance were prohibited from furloughs or firing workers and faced limits on executive compensation and bans on stock buybacks and dividends that expired in September 2022. American Airlines received $12.6 billion in government assistance followed by Delta Air Lines getting $11.9 billion, United Airlines received $10.9 billion, and Southwest Airlines received $7.2 billion. Congress approved $54 billion in three rounds covering much of U.S. airline payroll costs for 18 months. The U.S. government also extended $25 billion in low-cost loans to
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 5/10/24 - Form 13F-HR
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- DAL's page on the SEC website