Treasury Department says larger airlines need to compensate taxpayers for coronavirus aid as talks drag on

Two weeks ago, Congress approved $25 billion in grants for U.S. passenger carriers, $4 billion for cargo airlines and $3 billion for airline contractors, such as caterers, in exchange for not furloughing workers or cutting their pay rates through Sept. 30. Lawmakers also approved $29 billion in loans for airlines.

Airline executives have said the drop in demand is more severe than following the Sept. 11 attacks and say they expect the fallout from the pandemic will last into next year if not longer than that. The department said it would provide guidance to those larger passenger airlines "should total requests for payroll support exceed the maximum amounts awardable under the CARES Act.""We have a great plan for the airlines. We've got to keep the airlines going," Trump said at a press briefing. "It's never been a great business but it's a vital business for the country.

Govt needs to forego salaries while the general public is shut down

Slap them with the 10% dividend n NWS like FNMA n FMCC 14,000 Employees and Shareholders for over a decade.

Let them issue stock to the govt for their bailout and put the shares in a fund that gets distributed to tax payers. And no repricing of executive share option plans.

Everyone gets a free domestic round trip flight Should also be transferable

They had no problem compensating investors with stock buybacks instead of preserving capital.

Y give them grants? Give them loans. Some of these airlines have written in their annual reports dating back to 2007 that an outbreak, like the 1 we R experiencing now, will adversely affect their business. Instead of planning 4 this they spent billions & billions on buybacks.

Let them go under. Capitalism.

Absofreakinglutely. No loan forgiveness for the big guys.

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