The Senate’s coronavirus subsidy proposal requires $ 17 billion for airlines


United Airlines and Delta Airlines aircraft

Sam Hodgson | Bloomberg | Getty Images

The Senate has set aside $ 17 billion for airlines in a more than $ 900 billion bipartisan proposal to provide additional coronavirus support unveiled on Tuesday, according to people familiar with the case.

Airlines received $ 25 billion under the CARES Act in March to continue to pay their employees and stop cutting jobs by October 1st.

American and the U.S. began handing over more than 30,000 workers in October after Congress and the White House could not reach an agreement on another round of corona virus aid that could have included more support for airlines. Tens of thousands of other workers have accepted buyout packages and early retirement packages.

The Senate coronavirus relief package of roughly $ 908 billion would set aside $ 45 billion for the struggling transportation sector, as the proposal breaks down.

Shares of U.S. airlines were higher after news of the possibility of new industrial support previously reported by Reuters. But the rally was more silent than other attempts that later failed to provide more federal support to the sector.