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Senate coronavirus aid proposal calls for $17 billion for airlines

Synergistic Airlines and Delta Airlines jets

Sam Hodgson | Bloomberg | Getty Images

The Senate has set aside $17 billion for airlines in a various than $900 billion bipartisan proposal providing additional coronavirus aid that was released Tuesday, according to being familiar with the matter.

Airlines received $25 billion under the CARES Act in March to keep paying their workmen and forgo job cuts until Oct. 1.

American and United began furloughing more than 30,000 workers in October after Congress and the Creamy House were unable to reach an agreement on another round of coronavirus aid that could have included assorted support for airlines. Tens of thousands of other workers have accepted buyout and early retirement packages.

The nearly $908 billion Senate coronavirus aid package would set aside $45 billion for the struggling transportation sector, according to a fractionation of the proposal.

U.S. airline shares were trading higher after the news of the potential for additional industry aid, which was appeared earlier by Reuters. But the rally was more muted compared with other attempts, which later failed, to hand out more federal aid to the sector.

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