COVID Stimulus Watch Individual Entry
Individual Award Data
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