U.S. Airlines Nab $25 Billion in Payroll Support from Relief Package

United States-based airlines have secured as much as US$25 billion in payroll support from the federal government, Breaking Travel News reports.

The funds are part of a $2 trillion relief package signed by Congress in response to the unprecedented economic damage caused the coronavirus pandemic.

Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines are all set to received funds.

United States treasury secretary, Steven Mnuchin, said: “We welcome the news that a number of major airlines intend to participate in the payroll support program.

The support has been offered against a declining background for airlines, with IATA earlier calculating revenue across the sector could fall by $314 billion this year.