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Stock impact report

Major U.S. airlines accept government aid for payrolls [Toronto Globe and Mail (Ontario, Canada)]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Major U.S. airlines accept government aid for payrolls An empty Southwest Airlines check-in area is shown at Phoenix Sky Harbor International Airport Tuesday, April 14, 2020, in Phoenix. Ross D. Franklin/The Associated Press An empty Southwest Airlines check-in area is shown at Phoenix Sky Harbor International Airport Tuesday, April 14, 2020, in Phoenix. The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers have jobs until October while the industry battles its biggest-ever crisis. Airlines are hopeful that U.S. passenger traffic, which has dropped by 95% due to the coronavirus pandemic, will begin to recover by October but have warned that the slowdown in air travel could extend into next year and even longer. It’s possible they will need another round of government bailouts to survive. Major carriers will receive 70% of the funds for payroll in cash assistance that will not need Show less Read more
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