The airlines are the next group of carriers to strike deals with the Treasury Department for billions in coronavirus loans.
had also struck agreements for the aid. The CARES Act, a $2.2 trillion coronavirus relief package passed in March, set aside $25 billion in loans for U.S. passenger airlines.
Airlines are grappling with spikes in coronavirus cases around the country as well as continued travel restrictions that will limit demand for flights to Europe and other destinations." recently after a resurgence in the early spring and summer. "The major U.S. airlines play a vital role in our economy and are critical to domestic and international travel and commerce," the Treasury Department said. "These airlines are among the companies most heavily affected by the disruptions to social and economic activity caused by the pandemic."
The Treasury Department didn't disclose the terms or the amounts of the loans. Delta in April said it is eligible for a $4.6 billion loan while United in May said it could receive $4.5 billion. Airlines have also started receiving $25 billion in federal payroll grants that prohibit carriers from laying off or cutting the pay rates of their employees through Sept. 30. Airlines have warned that employees may start receiving as
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