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%

Education Education Headlines News

Education Education Latest News,Education Education 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.

 

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 EDUCATİON

Education Education Latest News, Education Education Headlines