US airlines agree to accept stimulus funds, Treasury Department says [CNNMoney.com]
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Source: CNNMoney.com
US airlines agree to accept stimulus funds, Treasury Department says Washington (CNN) Major US airlines have accepted the government's terms to receive billions of aid and keep hundreds of thousands of employees on the payrolls, the Treasury Department announced Tuesday. American Airlines, Southwest Airlines, Delta Airlines and United Airlines are among those who have accepted the offer, Treasury Secretary Steve Mnuchin said in a statement. Mnuchin said the department is "is also working to review and approve applications for smaller passenger air carriers as quickly as possible," and would take up discussions with cargo carriers "very soon." The $2 trillion coronavirus stimulus bill President Donald Trump signed last month includes more than $58 billion to prop up the aviation industry -- half of it to help airlines fund employee payroll costs through September. While there remains demand for cargo flights, interest in passenger travel has all but ended due to
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