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Treasury Reaches Agreement with Airlines

The U.S. Treasury Department has agreed to terms for loans to American Airlines Group Inc. and four smaller airlines as part of an aid program to help the industry weather the coronavirus pandemic. The Treasury […]

By |2020-07-06T11:31:39-04:00July 6th, 2020|Articles|Comments Off on Treasury Reaches Agreement with Airlines

Delta Reports First Loss in 5 Years

Delta Air Lines lost $534 million in the first three months of the year, its first quarterly loss in more than five years. It became the first airline to report the financial blow caused by the outbreak of the coronavirus...

By |2020-04-23T11:11:18-04:00April 23rd, 2020|Articles|Comments Off on Delta Reports First Loss in 5 Years

Shake Shack to Return Loan

Growing Backlash

Shake Shack plans to return a $10 million loan it received under an emergency small business rescue program, amid a growing backlash against big businesses that got the money before $350 billion in funding lapsed last week. The burger chain was just one of several large restaurant operators and publicly traded companies that secured tens of millions of dollars in "Paycheck Protection Program" loans...

By |2020-04-21T11:21:45-04:00April 21st, 2020|Articles|Comments Off on Shake Shack to Return Loan