Republican senators, Trump back $25 bln payroll aid for U.S. airlines

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Republican senators, Trump back $25 bln payroll...
 © CyprusMail 2020
A group of Senate Republicans on Wednesday and President Donald Trump backed extending a $25 billion payroll assistance program for U.S.  airlines , after warnings that carriers may be forced to cut tens of thousands of jobs without government action.

Airline stocks moved sharply higher following the news, which was first reported by Reuters. Shares of American  Airlines  closed up 9.5 per cent, while shares of United  Airlines  rose 4.6 per cent and Southwest  Airlines  finished up 4.2 per cent.

The 16 senators said in a letter that they backed a new six-month extension of the payroll support...


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Republican senators, Trump back $25 bln payroll aid for U.S. airlines


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Article Tags: republican, senators, trump, payroll, airlines,