Will the Airline Bailout Hurt Investors?
The coronavirus pandemic has brought the global economy to a standstill, and few industries have taken more of a hit than the airlines. With travel restrictions making passenger travel nearly impossible, major airlines such as Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and American Airlines Group (NASDAQ: AAL) have seen their revenue almost disappear -- and their share prices plunge.
To try to help the airline industry, the economic stimulus bill allowed the federal government to make grants and loans to ailing carriers. Most major airlines have requested that aid, and now, we're starting to see what some of those aid packages look like. Not all of the details are available, but early indications show that shareholders should be aware of what the deals could mean for their ownership interest in airlines going forward.
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Source Fool.com
