US Airlines Ask For Money During Coronavirus Pandemic

Video credit: Wochit Business
Published on April 5, 2020 - Duration: 00:32s

US Airlines Ask For Money During Coronavirus Pandemic

Major U.S. airlines applied for payroll grants from the U.S. Treasury.

According to Reuters, the grants would keep workers employed during the coronavirus pandemic.

No terms of any aid were revealed and some warned that funds would not be enough.

The treasury asked companies applying to propose financial instruments as possible taxpayer compensation.

There could be up to $32 billion in payroll grants for airlines, cargo carriers and airport contractors.


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