Southwest Airlines to apply for aid with US Treasury after demand craters

United States News News

Southwest Airlines to apply for aid with US Treasury after demand craters
United States Latest News,United States Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid related to the disruption ...

REUTERS: Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid related to the disruption caused by the coronavirus pandemic.

The aid could be in form of grants that could boost liquidity and provide job security for its employees from April 1 through Sept. 30, 2020, Southwest said.The company also drew down US$2.33 billion in credit, as airlines move to shore up liquidity during the outbreak, a regulatory filing showed.

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:

ChannelNewsAsia /  🏆 6. in SG

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Treasury to tap Wall Street advisory firms on airline aid: WSJUS Treasury to tap Wall Street advisory firms on airline aid: WSJThe U.S. Treasury Department plans to hire PJT Partners Inc , Moelis & Co and Perella Weinberg Partners to advise on the airline portion of ...
Read more »

US proposes minimum air service rules for airlines receiving assistanceUS proposes minimum air service rules for airlines receiving assistanceThe U.S. Transportation Department on Tuesday proposed minimum flight requirements for passenger airlines receiving aid from the government's ...
Read more »

Architect of Trump tax cut may run US$500 billion coronavirus loan programArchitect of Trump tax cut may run US$500 billion coronavirus loan programU.S. Deputy Treasury Secretary Justin Muzinich, an architect of the sweeping 2017 Republican tax cut, is under consideration to oversee a newly ...
Read more »

US small businesses wait impatiently for government aid that could be slow to comeUS small businesses wait impatiently for government aid that could be slow to comeAs soon as New York officials began detailing their response to the coronavirus, Matt Preis knew his staff might be in trouble.
Read more »

Trump invites oil CEOs to discuss help for ailing industryTrump invites oil CEOs to discuss help for ailing industryWASHINGTON: US President Donald Trump has invited oil executives to the White House to discuss potential aid for the industry as the coronavirus ...
Read more »

Trump invites oil CEOs to discuss help for ailing industry: sourceTrump invites oil CEOs to discuss help for ailing industry: sourceU.S. President Donald Trump plans to meet with oil executives on Friday to discuss potential aid to the industry, including possible tariffs on ...
Read more »



Render Time: 2025-04-18 14:00:47