Trump’s Administration stimulus package is estimated to be over $1.5 trillion, which also includes $20 billion extension aid to the pandemic hit airline industry, according to Reuters. Stimulus package proposal part of stalled relief talks where Democrats sought $ 2.2 trillion.
- $20 billion to give airlines a six-month extension as the industry is in urgent need of support.
- U.S. airlines pleading for an additional $ 25 billion in payroll support to protect jobs for another six months, after the current package, that banned furloughs, expired midnight
- White House Chief of Staff Mark Meadows, hopeful talks with Democrats, will continue on Thursday.
- The stop-gap spending bill, jointly approved by the Democratically-led House and Republican-controlled Senate to fund the government through December 11, received by the White House, and the president signed it- Meadows
Airline stocks trending up to the proposed White House relief package. UAL is up 0.70%, AAL stock is up 1.55%
