The U.S. Treasury Department said it released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers. According to Reuters, this makes it a total of $12.4 billion given to the airline sector during the coronavirus pandemic. The government disbursed grant funds to 10 major airlines and 83 small carriers. The Treasury requires major airlines receiving more than $100 million in assistance to repay 30 percent in low-interest loans over 10 years. A condition of the grants is that airlines cannot cut pay or jobs through Sept. 30.
