U.S. Treasury Finalizes Loans for Five Airlines

The U.S. Treasury said Thursday it has finalized loan terms with five airlines, part of the nearly $50 billion in assistance offered to the industry as part of the CARES Act stimulus plan. Treasury has reached deals with American Airlines Group (NASDAQ: AAL), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), SkyWest (NASDAQ: SKYW), and Frontier Airlines. Other carriers including Delta Air Lines have said they could eventually participate in the program, but American in particular has been vocal for months, saying it intends to tap the government for funding.