USA Won’t Give Credit To 7 Airlines

USA Won’t Give Credit To 7 Airlines The USA won’t give credit to 7 airlines. The US Treasury Department announced on Tuesday that it has decided to close the credit channels it has opened to 7 airlines. The United States Treasury Department closed the credit channels it opened to 7 airlines with a statement on Tuesday. In addition, a call was made for the Congress to extend the incentive package with the industry and to prevent big layoffs that may occur this week. Airline companies are trying to combat the economic difficulties caused by the seriously reduced travels after the coronavirus epidemic. These loans were one of the two biggest financial resources of US-based airlines under the "Cares Act" of March. Airlines received an additional $ 25 billion in loans to continue paying their employees during the epidemic. With the end of support under the employment protection program on Thursday, airlines announced that more than 30,000 employees will be fired. Most of these cuts are expected to come from American Airlines and United Airlines. In the statement made by the Ministry on Tuesday, there were statements regarding the closure of loans to United Airlines, American Airlines, Alaska Airlines, Frontier Airlines, JetBlue Airways, Hawaiian Airlines and SkyWest Airlines. These 7 airlines received more loans than planned, when Delta Airlines and Southwest Airlines gave up their shares during the epidemic. Airlines and unions have entered the last hours of a massive lobbying activity to extend the stimulus package for another six months, delaying layoffs.