Will the Airline Bailout Hurt Investors? [The Motley Fool]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: The Motley Fool
The coronavirus pandemic has brought the global economy to a standstill, and few industries have taken more of a hit than the airlines. With travel restrictions making passenger travel nearly impossible, major airlines such asDelta Air Lines(NYSE:DALSouthwest AirlinesNYSE:LUVAmerican Airlines GroupNASDAQ:AALTo try to help the airline industry, theeconomic stimulus billImage source: Getty Images.Delta makes a dealOn Tuesday, Delta CEO Ed Bastian released an internal memorandum announcing that it had reached agreement with the U.S. Treasury for $. billion in emergency relief from the payroll support program. As a result of the aid, Bastian said the Atlanta-based airline wouldn't have to furlough workers or impose reductions in pay through the end of September. That's welcome news, given the 9% drop in passenger traffic Delta has seen.The $. billion breaks down into two parts. Delta borrowed $.6 billion of that money in what Bastian called an "unsecured 0-year low-interest loan." The rem
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News
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- Southwest Airlines cuts earnings outlook on government shutdown demand hit [CNBC]CNBC
- Charlamagne defends airline policy saying particularly obese passengers must buy 2nd seat [FOX News]FOX News
LUV
Earnings
- 10/22/25 - Beat
LUV
Sec Filings
- 12/5/25 - Form 144
- 12/5/25 - Form 8-K
- 11/3/25 - Form 8-K
- LUV's page on the SEC website