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US airline industry to receive $25bn coronavirus bailout package

US airline industry to receive $25bn coronavirus bailout package

US airlines have tentatively agreed for $25bn govt aid to pay workers & avoid massive layoffs on backdrop of coronavirus pandemic. The aid is going to be a mix of cash & loans, & govt getting warrants to be converted into small ownership stakes in airlines. Ten airlines, including Delta, American, United & Southwest,have agreed to the plan after objecting to some of Treasury Department’s demands.

Chris
Chris
Shane
Shane 5 months

Infuriating that we must bail them out again, but there isn’t much to be done now.

Ya Boi PI
Ya Boi PI 5 months

Why are we bailing out airlines... again?

Howdy
Howdy 5 months

this is all bs these businesses would be fine if the gov. hadn't been doing all this to begin with, or at least the bail out/ assistance would be less.

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