COVID Stimulus Watch Individual Entry
Individual Award Data
Southwest Airlines Co.
Parent Company: Southwest Airlines
Award Date: Apr 21, 2020
Award Type: grant
Grant Amount: $2,300,000,000
Awarding Agency: Treasury Department
Program Name: Payroll Support Program
Award Details: Southwest Airlines announced it would receive more than $3.2 billion in financial assistance, including a grant of $2.3 billion and a low-interest loan of nearly $1 billion and (listed separately). The company expected to provide Treasury warrants for 2.6 million shares.
Data Source for Award:https://www.swamedia.com/releases/release-1cddf1aa880580a9784fc127733b92...
Parent Company Data
Ownership Structure: publicly traded (ticker symbol LUV)
Headquartered in: Texas
Parent Sector: airlines
Parent Industry: airlines
Employees (prior to pandemic): 60,800
Accountability Issues Since 2010
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