US airlines, Treasury Department reach agreement billions in aid [CNBC]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: CNBC
Several U.S. airlines on Tuesday said they reached agreements with the Treasury Department for billions in government grants aimed at softening the blow from the coronavirus.Shares of airline stocks initially rallied on the news but were trading lower on Wednesday.The virus and harsh measures to stop it from spreading, such as stay-at-home orders, have driven air travel demand to the lowest levels in decades. Carriers have grounded hundreds of jetliners and are asking thousands of employees to take voluntary unpaid leave, in a race to cut costs as cancellations outpaced bookings.Airlines including American, Delta, United, Southwest,SpiritAlaskaAmerican said the Treasury Department approved $5.8 billion in assistance — a $4.1 billion grant and a $1.7 billion low-interest loan. The Fort Worth, Texas-based carrier said it plans to apply for another government loan of around $4.75 billion."By accepting these funds, we have happily agreed to not involuntarily furlough or reduce the hourly
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- 10/22/25 - Beat
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Sec Filings
- 12/5/25 - Form 144
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- 11/3/25 - Form 8-K
- LUV's page on the SEC website