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Stock impact report

UPDATE 2-U.S. Treasury talks continue on $25 billion in aviation grants [Reuters]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Company Research Source: Reuters
U.S. finalizes minimum service rules for airlines receiving assistance WASHINGTON/CHICAGO (Reuters) - The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance. The U.S. Treasury Department is currently in talks with airlines about how to award $25 billion in cash grants for airlines earmarked for payroll assistance due to the coronavirus outbreak. The Transportation Department said where multiple airports serve the same point, carriers do not need to maintain service to all of them, which would “impose undue costs,” but can serve just a single airport. The department said its service obligations “are significantly below carriers’ full pre-pandemic schedules” and strike an “appropriate balance between the needs of communities to retain at least minimal connections to the national air transportation system.” Larger carriers will need to fly at least five times a week on routes w Show less Read more
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