What Is In The New Stimulus Package For Airlines

Workers furloughed from october 1 2020 will be recalled and given back pay from december 1.

What is in the new stimulus package for airlines. The new stimulus package would require. Absent a new stimulus deal this year airlines announced they were forced to lay off thousands of workers some 32 000 at united and american airlines combined. Read the summary some americans won t get their stimulus checks until they file their 2020 taxes the 50 biggest u s.

Joe biden s 1 9 trillion stimulus package plan a proposal known as the american rescue plan includes 1 400 checks for most americans and 400 federal weekly unemployment benefits though. Us airlines laid out the continued cost of the coronavirus pandemic today as the wait for a new stimulus package from federal authorities went on. Negotiations between house democrats and the white house on a new stimulus package continue and there are some signs indicating that a consensus for a compromise may be forming.

Airlines 15 billion in new payroll assistance that will allow them to return more than 32 000 furloughed workers to their payrolls through march 31. American airlines fell to a loss of 2 4bn 1. The new assistance program is expected to mirror the 25 billion program approved by congress in march which required larger airlines to repay 30 of the payroll grants over time and offer the government warrants.

The new covid 19 stimulus package signed by president donald trump includes 15 billion for airlines. Airlines would receive 15 billion in additional federal aid to pay their workers under the 900 billion coronavirus relief deal bipartisan lawmakers reached on sunday under the new round of.