Bloomberg The US Treasury Department disbursed $2.9 billion to passenger airlines in the first round of payroll assistance to an industry suffering financially from a pandemic-induced shutdown. The assistance that has been handed out so far went to two “major” airlines and 54 smaller passenger carriers, the department said in a statement. More payments will be sent out on a ...

Bloomberg United Airlines Holdings Inc tumbled after the company said it expected to record a $2.1 billion loss in the first quarter as the coronavirus outbreak all but erased air-travel demand in March. The pretax loss, which will be about $1 billion on an adjusted basis, came as revenue dropped 17% from a year earlier to $8 billion, the carrier ...

Bloomberg Gap Inc is in discussions to issue new bonds backed by assets including real estate as one financing option to get it through the coronavirus pandemic, according to people with knowledge of the situation. The talks with investors and banks would be for bonds backed by inventory and certain properties including distribution centres, the people said, asking not to ...