COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
American Airlines Inc.
Parent Company: American Airlines
Award Date: Apr 21, 2020
Award Type: grant
Grant Amount: $4,100,000,000
Awarding Agency: Treasury Department
Program Name: Payroll Support Program
Award Details: American Airlines announced it would receive $5.8 billion in financial assistance, including a a grant of $4.1 billion and a low-interest loan of $1.7 billion (listed separately). The company granted to Treasury warrants to purchase approximately 13.7 million shares of common stock.
Data Source for Award:
http://news.aa.com/news/news-details/2020/American-Airlines-To-Receive-5...

Parent Company Data

Ownership Structure: publicly traded (ticker symbol AAL)
Headquartered in: Texas
Parent Sector: airlines
Parent Industry: airlines
Employees (prior to pandemic): 133,700

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $42,826,343
Contracting icon
Government-contracting-related Penalties: $22,100,000
Environment icon
Environmental / Healthcare / Safety Penalties: $79,724,972
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $5,540,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 195 to 1
CEO Compensation: $11,999,517
Worker Median Pay: $61,527
Tax icon
Total Federal, State, and Local Subsidies: $72,728,542
Subsidy Tracker
Violation Tracker

Details on Accountability data sources