Top 3 Carriers Get Most Federal Aid
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UAL Corp.’s United Airlines, AMR Corp.’s American Airlines and Delta Air Lines Inc. have received the most money so far in the first two rounds of a U.S. aid plan stemming from the Sept. 11 terrorist attacks.
United got $644million, including $253.4million in the second round, the Transportation Department said. American received $583million, with $223.8million in the second round, and Delta got $529million, including $201.9million in the latest distribution. The three are the largest U.S. carriers.
Midway Airlines Corp., which received no money in the first round, got $10.1 million in the second round.
Twenty-three airlines have received about $1.3billion in second-round payments, and the total to all carriers will be about $4.25billion once the latest distribution is complete. Congress approved an airline aid plan in September that includes $5billion in cash and $10billion in loan guarantees after the attacks reduced air travel demand.
The amount to each carrier is based on capacity or actual loss, whichever was less.
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