American Airlines Receives $5.5 Billion Treasury Loan, More Than Expected

  • 📰 Forbes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

I'm a reporter at Forbes and the author of What Next?: Your Five-Year Plan for Life After College published by the Simon & Schuster imprint Adams Media. I have a master’s degree in journalism from Columbia University.

American was originally allocated $4.75 billion, but carriers including Delta and Southwest AirlinesIt is possible other airlines will decline their share, which would be distributed to other airlines, as they have until Sept. 30 to decide.

Airlines received a separate $25 billion in March under the CARES Act, primarily as grants to avoid layoffs and furloughs through the end of this month.

Source: Education Headlines (educationheadlines.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Airlines secures $5.5 billion Treasury loan, could tap moreAmerican Airlines said on Friday it has secured a $5.5 billion government loan and could tap up to $2 billion more in October depending on how the U.S. Treasury allocates extra funds under a $25 billion loan package for airlines. How is that possible! Now they have to change their name to Federal Reserve Airlines tho secure the bag!!!!!
Source: CNBC - 🏆 12. / 72 Read more »

House Democrats developing new scaled-back stimulus package—here's what we knowThe proposal is expected to include another round of direct payments, small-business loan funding, help for restaurants and the domestic airline industry.
Source: Newsweek - 🏆 468. / 52 Read more »

JPMorgan Nears Deal to Pay About $1 Billion to Settle Spoofing ProbesJPMorgan is nearing an agreement to pay a fine of about $1 billion to settle civil and criminal charges that its traders rigged futures and securities markets You can't trust chase. Surprise surprise Fuckers ! Take their license away. How much they made by rigging the market ? 1B is nothing.
Source: WSJ - 🏆 98. / 63 Read more »

Japanese American museum, East West Players to receive part of $156-million fundJANM and EWP are among 20 BIPOC arts organizations receiving 'game changer' pandemic funding from a Ford Foundation-led program.
Source: latimes - 🏆 11. / 82 Read more »

Delta expects jet retirement charges of up to $2.5 billion in third-quarterDelta Air Lines said on Friday it expects to record an up to $2.5 billion charge in the current quarter related to retirements of aircraft. Anyone who has ever flown a CRJ is rejoicing. JebBrooks
Source: Reuters - 🏆 2. / 97 Read more »

WSJ News Exclusive | Palantir Expected to Be Valued at Nearly $22 Billion in Trading DebutPalantir Technologies is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new shares. No wonder this dude look like an Austin Powers villain. This CEO is a train wreck...flamboyant and sitting atop a massive loss making business...come on man, how can you sleep at night losing half a billion a year while have controversial top line prospects.....this will go the route of KODAK I don't know shit about stocks (just a regular ole pleb) but 1 thing is for sure...that guy is not...trustworthy. You've been warned. 😉
Source: WSJ - 🏆 98. / 63 Read more »