U.S. Treasury Finalizes Loans for Five Airlines

The U.S. Treasury said Thursday it has finalized loan terms with five airlines, part of the nearly $50 billion in assistance offered to the industry as part of the CARES Act stimulus plan.

Treasury has reached deals with American Airlines Group (NASDAQ: AAL), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), SkyWest (NASDAQ: SKYW), and Frontier Airlines. The terms on each loan were not disclosed, but will be discussed once the funding is finalized.

Image source: American Airlines.

Continue reading

Source Fool.com