Business
U.S. Airlines’ Lifeline Is Enough to Limp Along, But Little More
- American, Southwest, Delta, United among carriers in program
- Industry in line for $25 billion in federal payroll assistance
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U.S. airlines reached preliminary deals to access billions of dollars in federal aid, securing a temporary lifeline as the industry waits for customers to start flying again.
The agreements cover all major airlines, the Treasury Department said in a statement Tuesday, and position the government to start doling out $25 billion in assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27. American Airlines Group Inc. said it would get $5.8 billion in support, while Delta Air Lines Inc. said it would receive $5.4 billion.