United Airlines to tap U.S. Treasury loans, CEO says

September 22, 2020

WASHINGTON (Reuters) – United Airlines intends to tap U.S. Treasury loans available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Chief Executive Scott Kirby said at a news conference on Capitol Hill on Tuesday.

Also speaking to reporters, American Airlines CEO Doug Parker affirmed his airline is also taking the Treasury loans, while JetBlue Airways CEO Robin Hayes said a decision will be made in the near future.

(Reporting by David Shepardson; Writing by Tracy Rucinski; Editing by Chris Reese)