Airlines balk at paying back a portion of federal bailout money [CNN]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: CNN
Replay ...MT WATCH01:10(CNN)federal stimulus fundingThe airlines have received term sheets from the government specifying that 70% of the funds paid to each company will be grants and 30% will be a low-interest loan, according to three aviation industry sources.RELATED: Airlines and TSA report 96% drop in air travel as pandemic continuesThe first $100 million paid to each airline will be a grant, and the 70-30 split applies to payments above that level, according to one aviation source. The airlines had expected those funds -- $25 billion for passenger airlines and $3 billion for cargo airlines -- to be entirely grants that would not be repaid.The airlines said Monday that grants alone -- rather than the combination -- "are an important part of the efforts to protect jobs."Read Government rescue programs hit their first test in doling out tens of billions of dollars: What you need to know"Direct Payroll Assistance funding in the form of grants only is considerably more effective for
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News
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- Southwest Cuts 2025 Core Profit Outlook Due to Government Shutdown, Higher Fuel Prices [Yahoo! Finance]Yahoo! Finance
- Southwest Airlines cuts earnings outlook on government shutdown demand hit [CNBC]CNBC
- Charlamagne defends airline policy saying particularly obese passengers must buy 2nd seat [FOX News]FOX News
- Major changes could be coming to the auto industry [CNN]CNN
LUV
Earnings
- 10/22/25 - Beat
LUV
Sec Filings
- 12/5/25 - Form 144
- 12/5/25 - Form 8-K
- 11/3/25 - Form 8-K
- LUV's page on the SEC website