UPDATE 2-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
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. Airline industry officials expect all major airlines to accept the grants in coming days, and U.S. Treasury Secretary Steven Mnuchin said on Monday he expects decisions to come out “very quickly.” 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
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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