American Airlines tried to recover above the mark of 13.00 on Wednesday (October 7) after a revival of hopes
over a potential aid for the airlines despite the recent decision by US President Donald Trump to halt stimulus talks
with the Democrats. After his call to end the stimulus talks with the Democrats, President Trump urged Congress
to extend $25 billion assistance to US passenger airlines, including American Airlines.
According to Reuters, House Speaker Pelosi spoke with Treasury Secretary Steven Mnuchin by phone on
Wednesday evening (October 7) about a potential standalone bill for $25 billion in aid to airlines that Democrats
tried to advance last week. Mnuchin, who had been Pelosi’s negotiating partner as they tried to reach a
comprehensive package in recent days agreed to talk again on Thursday (October 8), the spokesman, Drew
Hammill said.
According to CNBC, last week American Airlines, United Airlines, and other U.S. carriers began furloughing more
than 32,000 workers. Airlines that started furloughing their workers said they would reverse course if more aid
was approved.
over a potential aid for the airlines despite the recent decision by US President Donald Trump to halt stimulus talks
with the Democrats. After his call to end the stimulus talks with the Democrats, President Trump urged Congress
to extend $25 billion assistance to US passenger airlines, including American Airlines.
According to Reuters, House Speaker Pelosi spoke with Treasury Secretary Steven Mnuchin by phone on
Wednesday evening (October 7) about a potential standalone bill for $25 billion in aid to airlines that Democrats
tried to advance last week. Mnuchin, who had been Pelosi’s negotiating partner as they tried to reach a
comprehensive package in recent days agreed to talk again on Thursday (October 8), the spokesman, Drew
Hammill said.
According to CNBC, last week American Airlines, United Airlines, and other U.S. carriers began furloughing more
than 32,000 workers. Airlines that started furloughing their workers said they would reverse course if more aid
was approved.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.