Southwest Airlines to apply for US Government grants under CARES Act

Southwest Airlines announced (02-Apr-2020) its intention to apply to the US Department of Treasury under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, in order to discuss specific details regarding grants that could increase its liquidity and provide job security until 30-Sep-2020. Southwest Airlines CEO Gary Kelly, via a video post on the airline's official blog, stated the grants would "help provide much needed cash flow to cover a significant portion of salaries, wages and benefits". [more - original PR]