Most Major US Airlines Are Taking Federal Bailout Money

Delta, United, Southwest and American expected to participate

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Most major U.S. airlines including Delta, American, Southwest and United have agreed to the terms of the more than $2 trillion stimulus package passed by Congress two weeks ago, Treasury Secretary Steven Mnuchin announced today.

In a statement, Mnuchin said: “We welcome the news that a number of major airlines intend to participate in the Payroll Support Program. This is an important CARES Act program that will support American workers and help preserve the strategic importance of the airline industry while allowing for appropriate compensation to the taxpayers.”

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