The US government is giving the airlines in the United States a lot of credit through the CARES Act. The pot is filled with a total of 25 billion US dollars. So far, commitments of 14,1 billion US dollars have been distributed, with Delta and Southwest so far have not called any funds, but instead want to refinance alternatively.
American Airlines has been granted a loan of $ 5,48 billion. According to the stock exchange announcement, 25 million US dollars were called up by September 2020, 550. Competitor United Airlines secured $ 5,17 billion and had already paid out $ 28 million by September 2020, 520. Alaska Airlines has access to a line of credit totaling US $ 1,3 billion, of which US $ 29 million had been transferred by September 2020, 315.
JetBlue Airlines received $ 29 million out of a possible maximum of $ 2020 billion by September 115, 1,14. Also up to that date, $ 60 million of $ 573 million had gone to SkyWest Airlines. Hawaiian Airlines has accessed $ 420 million from $ 25 million through September 2020, 45.
The low-cost carrier Frontier Airlines also received loans from the Cares Act. Due to the fact that this carrier is not listed, the amount of the state-secured loan has not yet been disclosed.
Delta Air Lines and Southwest Airlines have signed preliminary agreements with the US government, but have not yet drawn any funding. Both airlines stated that they will take advantage of alternative financing options. If they decide not to participate in the Cares Act, which is available until March 26, 2021, the funds released should be allocated to the other participants if they request it.