Southwest expects talks on U.S. payroll grant terms over next several days

April 3, 2020

45 1 minute read

Stock Markets11 hours ago (Apr 03, 2020 07:00PM ET)

(C) Reuters. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California

CHICAGO (Reuters) – Southwest Airlines Co (N:LUV) said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agreement.

In a statement, Southwest said its goal is to evaluate all possible sources of capital that will help protect its employees and the company’s “healthy footing,” with payroll support one option under consideration.

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