Southwest Airlines finalises agreement with Treasury for financial aid under CARES Act

21 April, 2020

Southwest Airlines finalised (20-Apr-2020) terms with the US Department of the Treasury to receive more than USD3.2 billion in disbursements from the Payroll Support Program under the CARES Act until 30-Sep-2020. The carrier will collect an immediate payment of approximately USD1.6 billion, with the remainder to be paid in instalments in May-2020, Jun-2020 and Jul-2020. [more - original PR]