1. Airlines and Treasury Reach an Agreement Over Multibillion-Dollar Relief

    Airlines and Treasury Reach an Agreement Over Multibillion-Dollar Relief

    Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program.Major U.S. airlines, roiled by the coronavirus pandemic, will be participating in the federal government’s Payroll Support Program, Treasury Secretary Steven Mnuchin announced Tuesday. Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program...

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    1. Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines
    2. We applaud the quick action by the U.S. Department of Treasury to infuse liquidity into the economy and try to keep businesses open and people on the job.
    3. The cash burn rate at these fuel prices and with the amount of flying they're actually doing is probably on the order of $8 billion a month for passenger flights.
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