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Stock impact report

Airlines Are Being Bailed Out Again, Here’s What Economists Think Will Happen Next [Forbes]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Forbes
ASSOCIATED PRESSOn Tuesday, ten airlines told the Treasury Department they would take funds from a $25 billion bailout as the industry faces the looming threat of bankruptcy amid global travel limitations due to the coronavirus pandemic. That bailout is sparking an inevitable debate about moral hazard—when a business engages in riskier behavior because it’s protected from the consequences—and the future of the airline industry.The CARES Act, a $2 trillion federal stimulus package designed to keep the U.S. economy from sinking into a deep recession includes roughly $25 billion for airlines. After some back and forth about the terms of agreement American AirlinesAALLUVagreed to take the money on the following conditions: Airlines will keep at least 90% of workers employed through September, they will return one-third of the funds they receive, suspend stock buybacks and dividends, and limit executive pay. The concessions are greater than some airlines were hoping to make, but the indust Show less Read more
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