Shares in American Airlines Group rose 2.5% in Friday’s extended market session after the ailing airline secured a $5.48 billion loan agreement from the US government.The stock closed 4.4% higher on Friday. Under the terms of the US Treasury facility, American Airlines (AAL) may have an option to increase the loan in October by an additional almost $2 billion to an aggregate $7.5 billion. The additional amount of the facility, which is made available under the US Coronavirus Aid, Relief, and Economic Security Act (Cares Act), is still subject to US Treasury approval.American said it already borrowed $550 million from …read more
Source:: Yahoo Finance
