Southwest Airlines received over $7B in federal pandemic aid prior to cancelation chaos
Former Bush 43 Senior White House Adviser Brad Blakeman discusses the border being 'overrun' by illegal migrants and Transportation Secretary Pete Buttigieg's response to Southwest flight delays.
The $58 billion payroll support program featured a 50-50 split of forgivable grants and low-interest loans to be repaid over a 10-year period. To receive the aid, airlines had to commit to keeping employees on the payroll, refrain from paying dividends or engaging in stock buybacks for a period of time, and cap the compensation of corporate executives.
As the pandemic dragged and air travelers remained largely grounded due to COVID-19 restrictions, Congress provided another round of payroll support to airlines. Southwest's second tranche of aid arrived in January 2021 and totaled more than $1.98 billion, including a loan of over $565.9 million. A traveler wades through the field of unclaimed bags at the Southwest Airlines luggage carousels at Denver International Airport on Tuesday.
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