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Stock impact report

UPDATE 4-U.S. airlines apply for U.S. payroll grants for crisis help [Reuters]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Reuters
Delta, other airlines apply for U.S. payroll grants for crisis help CHICAGO/WASHINGTON (Reuters) - Delta Air Lines ( DAL.N ) and JetBlue Airways Corp JBLU.O said on Friday they had applied for U.S. payroll grants meant to keep workers employed while airlines ride out their toughest crisis in history due to the coronavirus, but warned the funds are “not enough.” The U.S. Treasury had asked passenger and cargo carriers to apply by 5 p.m. EDT (2100 GMT) on Friday to expedite up to $32 billion in payroll grants for the air industry within a $2.3 trillion coronavirus relief package approved last week. Airport contractors are also eligible for grants. In a memo to employees, Delta Chief Executive Officer Ed Bastian said the company had applied for its share of worker-protection grants, but “those funds alone are not nearly enough.” Delta expects a 90% decline in second-quarter revenue. JetBlue also told employees it “may not get enough to cover pay and benefits at the level you see when w Show less Read more
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