FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake/File Photo
CHICAGO - Southwest Airlines Co said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agreement. In a statement, Southwest said its goal is to evaluate all possible sources of capital that will help protect its employees and the company’s “healthy footing,” with payroll support one option under consideration.
Southwest is tan. Better be around with brown
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U.S. airlines apply for U.S. payroll help but terms still unclearMajor U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn resulting from the coronavirus outbreak, but while talks over the terms were expected to continue in coming days some warned the funds would not be enough to help them through their toughest crisis ever. If a business isn't solvent enough to pay their bills for a month without needing a bailout maybe it's time to shutter the doors of that business.
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Facebook pledges $40M for small businesses, introduces new fundraising tools and digital gift cardsThe grants will go to 10,000 U.S. small businesses in 34 locations that Facebook employees live and work. Those located in New York and Seattle will be the first to receive funds starting next week. Interesting. More than 1 million people are infected with Covid_19 globally Latest updates | cases per million population👇 CoronavirusPandemic COVID19Pandemic
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