US airlines agree to accept stimulus funds, Treasury Department says [CNN]
Southwest Airlines Company (LUV)
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Source: CNN
Replay s ...MT WATCH01:10Washington (CNN) airlinesAmerican 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 thecoronavirus pandemic.Read Passenger counts have dropped 96%, and airlines have canceled more than 70% of their flights. Only one in 10 seats are flying with a paying passenger. An international airline association on Tuesday raised its estimates
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