UPDATE 4-Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money -sources [Reuters]
United Airlines Holdings, Inc. (UAL)
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Source: Reuters
Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money: sources WASHINGTON/CHICAGO (Reuters) - U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs, three industry officials briefed on the matter told Reuters. Mnuchin spoke with the chief executives of major airlines in separate calls on Friday and told them the department was offering 70% of the aid in grants that would not need to be repaid, and 30 percent in low-interest loans for which the airlines would be required to offer warrants, the sources said. Regional carriers receiving $100 million or less will not need to grant warrants to the government and it is not clear if they would need to repay any of the funds. Treasury did not immediately comment. Airlines were told they could apply for the amount they paid in salaries and benefits in second and third quarters of
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UAL
Earnings
- 10/15/25 - Beat
UAL
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- UAL's page on the SEC website