PURPOSE: THE PAYROLL SUPPORT PROGRAM (PSP) PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO PASSENGER AIR CARRIERS, CARGO A...
$3,289,329,554
Recipient
AI Summary
The Department of the Treasury awarded $3.3 billion to Delta Air Lines through the Payroll Support Program (PSP), providing emergency funding to preserve aviation jobs during the COVID-19 pandemic. This direct payment was restricted to employee wages, salaries, and benefits, with conditions prohibiting furloughs and pay cuts.
Key Points
- 01$3.3 billion to Delta Air Lines for payroll support
- 02Part of the COVID-19 Payroll Support Program for airlines
- 03Funds restricted to employee wages and benefits
- 04Prohibitions on furloughs and pay reductions
- 05Goal was preserving aviation industry employment
Award Details
Official Source
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Quick Summary
- Amount
- $3.3B
- Agency
- Department of the Treasury
- Recipient
- DELTA AIR LINES, INC.
- Type
- Direct Payment
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