(Fort Worth, TX) -- American Airlines is one of five carriers who have reached a deal with the feds for billions more in federal loans.
The US Treasury Department confirms signed letters-of-intent with American, Frontier, Hawaiian, SkyWest, and Spirit Airlines.
The five are the first air carriers to accept loans from a $25 billion fund set aside by Congress under the latest Coronavirus relief measure.
The entire airline industry is battling for survival following the spiral in air travel caused by Coronavirus fears.