2nd Stimulus Package For Airlines

The payroll support program a component of the cares act the 2 trillion bipartisan stimulus package signed in march gave airlines 25 billion to keep them afloat through coronavirus shutdowns.

2nd stimulus package for airlines. The long awaited bill took months to pass due to heated debates between the democrats and republicans over what should and should not be included in. Airlines will bring back more than 32 000 furloughed workers as part of the sweeping 900. Across u s based carriers the additional bill for employee funds is expected to exceed 11 billion.

It is also expected to include significant changes to how the federal aviation. Us lawmakers reportedly earmark 17b for airlines in new coronavirus stimulus package us lawmakers in washington dc have submitted a bi partisan relief package worth 908 billion to extend. The funds set aside for airlines in the second stimulus package would help keep airline workers employed until the end of march.

Southwest took about 3 2 billion in. Aside from airlines the stimulus will include 1 billion to the amtrak railroad 14 billion for public transit systems and 10 billion for state highways. Southwest took about 3 2 billion in grants.

American airlines took 4 1 billion in grants and 7 2 billion in loans as part of that march stimulus package. The house voted mostly along party lines late last week to approve a democratic backed 2 2 trillion coronavirus relief package which includes another 25 billion in support for airlines but it. Second stimulus bill would give airlines 15 billion more bring back 32 000 furloughed airline workers.

The overall stimulus package would be for 908 billion short of the 1 3 trillion cares act that was passed by congress in march. Airlines take over 11 billion in payroll support from second stimulus after the second stimulus package was passed by both houses of congress airlines wasted no time taking their piece of the allocated payroll support program funds.