(Bloomberg) — U.S. airlines reached preliminary agreements with the Treasury Department to access billions of dollars in aid as the government attempts to shore up one of the industries hardest hit by the coronavirus pandemic.The deal covers all major carriers, the Treasury said in a statement. American Airlines Group Inc., for example, said it would get $5.8 billion in total support while Southwest Airlines Co. said it would receive $3.2 billion. The government is doling out $25 billion in payroll assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27.“We welcome the news that …read more
Source:: Yahoo Finance
