https://thehealthcarestandard.com/wp-content/uploads/2020/05/Delta-Airlines-400x400-1.jpg 400 400 The Healthcare Standard http://thehealthcarestandard.com/wp-content/uploads/2019/07/The-Healthcare-Standard-750x50.png The Healthcare Standard2020-07-06 09:30:382020-07-02 12:26:23American Among Airlines Set To Receive Cash Infusion From US Government
American Airlines and four other carriers are set to receive an infusion of cash from the government, the Treasury Department announced Thursday.
American said in a letter to employees it will receive $4.75 billion, and expects to end the second quarter with $15 billion in liquidity.
Frontier Airlines, Hawaiian Airlines, Sky West Airlines and Spirit Airlines are also set to receive loans under the program, the Treasury Department said. It is not yet clear how much the other airlines will receive, nor the terms of the loans.