The stimulus package passed Saturday contained about $14 billion in continued support for airlines and mandates relative employment stability until the end of September. The funding is the third round of relief under the Payroll Support Program and precludes recipients from furloughing, laying off or cutting the pay of existing workers until Sept. 30. It also prevents the companies from buying back their own shares, paying dividends or boosting executive compensation beyond certain limits. Airlines have already received $40 billion under the first two rounds.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/airline-payroll-support-extended-to-sept-30