U.S. Treasury begins distributing $15 billion in payroll aid to airlines By Reuters

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WASHINGTON (Reuters) – The U.S. Treasury Department on Friday began distributing $15 billion in new payroll assistance to airlines approved by Congress under similar conditions to an earlier round of aid.

Delta Air Lines (NYSE:) said it expects to receive $2.9 billion, with $830 million in the form of an unsecured loan. The airline said it received the first installment of $1.4 billion on Friday.

Southwest Airlines (NYSE:) said it expected to receive $1.73 billion in total and received $863.7 million on Friday.

Major airlines must also issue warrants to the government as part of the assistance. Congress approved a separate $25 billion in payroll assistance in March.

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