Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends (AAL, DAL, UAL, LUV, JBLU)
David McNew/Getty A bipartisan coronavirus aid package in the Senate offers $58 bi.....»»
United Airlines looks to raise $1 billion with new stock offering, shares slip
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up capital in the midst of the coronavirus pandemic......»»
U.S. Senate passes nearly $500 billion coronavirus bill aiding small business
The U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and to aid hospitals dealing with large numbers of seriously ill patients......»»
Many of the world"s airlines could be bankrupt by May because of the COVID-19 crisis, according to an aviation consultancy. These airlines have already collapsed because of the pandemic.
Reuters The aviation consultant CAPA warned that "most" of the world's airlines could be bankrupt by the end of May, due to the ongoing coronavirus pandemic. Although President Donald Trump signed a $58 billion bailout for the airline i.....»»
U.S. senators propose $500 billion rescue for state, local governments
A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities......»»
U.S. bailout watchdog vows to scrutinize share buybacks, dividends
An official charged with overseeing how the U.S. government handles $500 billion in bailout funds said on Friday he will also monitor how companies use the cash, including for share buybacks, dividends and staff compensation......»»
The list of U.S. Treasury questions for airlines seeking bailout cash
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said......»»
Airline industry"s coronavirus bailout may draw on lessons of 9/11
The $2.3 trillion CARES Act sets aside $25 billion in cash grants for U.S. airlines, and about 90 percent of that money is expected to go to the nation’s six largest carriers......»»
Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin
The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday......»»
U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock.
U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock......»»
U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock.
U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock......»»
43% of small businesses say they’ll be forced to close permanently if they don’t get help soon, survey says
Small businesses can now apply for $350 billion in forgivable loans as part of the $2 trillion coronavirus stimulus bill......»»
Airline salaries compared to stock buybacks show why people are angry at the bailout
Many airlines spent billions of dollars on their own stocks over the past decade, and are now receiving alm.....»»
Why Boeing might not need a bailout despite coronavirus, 737 Max crises
Boeing could get up to $17 billion from the federal government's $2 trillion stimulus package to shore up its operatio.....»»
Q&A: When will you receive a government payment from the coronavirus bailout?
When will stimulus checks go out? Who qualifies for a check? And other frequently asked questions. When will stimulus checks go out? Who qualifies for a check? And other frequently asked questions......»»
New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus
Tayfun Coskun/Anadolu Agency/Getty Images Mayor Bill De Blasio has endorsed a rental relief plan that would provide immediate aid to those struggling to pay their April rent. The plan, which still needs to be approved by .....»»
Private Equity Group Lobbied Trump Administration For $500B Coronavirus Bailout Fund: Report
The American Investment Council, which acts as a lobbyist for the private equity industry, pushed the Trump administration to include $500 billion in relief for businesses as part of a coronavirus stimulus package, CNBC re read more.....»»
Squabbling over 4th coronavirus bailout bill begins, but passage is likely weeks away
The House is working behind the scenes on another coronavirus relief package. Senate Republicans say it is too soon. The House is working behind the scenes on another coronavirus relief package. Senate Republicans say it is too soon......»»
After coronavirus stimulus passes, Delta, United say no pay cuts or furloughs
The stimulus package earmarks $25 billion in funds to assist U.S. airlines with payment of employee salaries and benefits......»»
The House just passed the $2.2 trillion coronavirus stimulus bill. Here"s what it means for the more than one million restaurants in the US.
Jeenah Moon/Getty Images The Senate passed a $2.2 trillion economic stimulus bill on Wednesday to bolster the US economy during the coronavirus pandemic. After more than three hours of debate, The House p.....»»