Posted by: Market Watch in Market Information 1 hour in the past American Airways Group Inc. disclosed Tuesday that it reached a Payroll As
American Airways Group Inc. disclosed Tuesday that it reached a Payroll Assist Program Extension Settlement (PSP2) with the U.S. Treasury for an anticipated complete of at the least $3.09 billion. The corporate mentioned the primary installment of the PSP2 settlement of $1.54 billion was acquired on Jan. 15. As a part of the settlement, American Airways has agreed to difficulty warrants to the
Treasury to purchase shares of widespread inventory. The warrants have an train value of $15.66 per share. American Airways’ inventory, which rallied 1.5% in premarket buying and selling, has climbed 25.5% over the previous three months by way of Friday, whereas the U.S. International Jets ETF has superior 26.0% and the S&P 500 has gained 10.0%.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
Learn Full Story
