American Airlines has the most employees of all US carriers and is seeking US$6 bil in payroll support.
Under those terms, the government could end up with the largest equity stake in American Airlines, which has the most employees of the US carriers and has said it was seeking about US$6 billion in payroll support. According to airlines’ market capitalisation on Friday, the government could end up owning about 2.3% of United Airlines Holdings Inc, 1% of Delta Air Lines Inc, 1.3% of JetBlue Airways Corp, and 0.6% of Southwest Airlines Co.
Based on wages and benefits in the second and third quarters of 2019, United was eligible for about US$6 billion in grants, Delta about US$5.6 billion and Southwest about US$4 billion.Still, airline shares fell on Monday on disappointment that a portion of a US$25 billion payroll support package would have to be repaid.
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