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Treasury Hands Out $2.9 Billion to Airlines; More to Come

  • U.S. reaches deal with Delta, American, United, three others
  • Federal aid to support airline payrolls to come in stages
Planes At Reagan National Airport As Coronavirus Cripples Air Travel
Photographer: Andrew Harrer/Bloomberg
Updated on

The U.S. Treasury Department disbursed $2.9 billion to passenger airlines in the first round of payroll assistance to an industry suffering financially from a pandemic-induced shutdown.

The assistance that has been handed out so far went to two “major” airlines and 54 smaller passenger carriers, the department said in a statement late Monday. More payments will be sent out on a rolling basis, it said.