Airlines Secure $15B Payroll Reimbursement In Bipartisan COVID-19 Relief Deal
Portfolio Pulse from Mohit Manghnani
The U.S. Congress has agreed on a $900 billion COVID-19 relief package, which includes $15 billion in aid for the airline industry to reinstate payrolls. This comes after 32,000 airline workers were furloughed when previous aid expired. The relief aims to cover salaries through March 2021.
December 21, 2020 | 7:24 am
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American Airlines is set to benefit from the $15 billion aid package aimed at reinstating payrolls, potentially bringing back furloughed workers.
The $15 billion aid is specifically targeted at reinstating airline payrolls, which directly impacts American Airlines by potentially allowing them to bring back furloughed workers and stabilize operations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Alaska Air Group is expected to benefit from the $15 billion aid package, which will help reinstate payrolls and potentially bring back furloughed workers.
The aid package is designed to help airlines like Alaska Air Group reinstate payrolls, which is essential for bringing back furloughed workers and improving financial stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Delta Air Lines will benefit from the $15 billion aid package, which aims to reinstate payrolls and bring back furloughed workers.
Delta Air Lines is expected to use the $15 billion aid to reinstate payrolls, which is crucial for bringing back furloughed employees and stabilizing financials.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
JetBlue Airways is set to benefit from the $15 billion aid package aimed at reinstating payrolls, potentially bringing back furloughed workers.
The $15 billion aid is specifically targeted at reinstating airline payrolls, which directly impacts JetBlue Airways by potentially allowing them to bring back furloughed workers and stabilize operations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
The U.S. Global Jets ETF, which tracks the airline industry, is likely to see a positive impact from the $15 billion aid package aimed at reinstating payrolls.
The $15 billion aid package for airlines is expected to positively impact the U.S. Global Jets ETF, as it tracks the airline industry, which will benefit from payroll reinstatement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Southwest Airlines will benefit from the $15 billion aid package aimed at reinstating payrolls and bringing back furloughed workers.
Southwest Airlines is expected to use the $15 billion aid to reinstate payrolls, which is crucial for bringing back furloughed employees and stabilizing financials.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Spirit Airlines will benefit from the $15 billion aid package, which aims to reinstate payrolls and bring back furloughed workers.
Spirit Airlines is expected to use the $15 billion aid to reinstate payrolls, which is crucial for bringing back furloughed employees and stabilizing financials.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
United Airlines is expected to benefit from the $15 billion aid package, which will help reinstate payrolls and potentially bring back furloughed workers.
The aid package is designed to help airlines like United reinstate payrolls, which is essential for bringing back furloughed workers and improving financial stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80