Nancy Pelosi holds back standalone bill for airlines until a larger stimulus package is passed.
The airlines have already furloughed more than 30,000 workers, including pilots, flight attendants and other staff. While American Airlines CEO, Doug Parker said this morning on CNBC that the airline has a lot of liquidity, they are looking for lawmakers to approve billions more dollars in aid to help them getting back on course with rehiring workers. but said they would reverse course of lawmakers approved billions more in aid to hire workers back to the airline. He stated this is a very tough time because no one is traveling because companies are not sending employees on business meetings, at many states require quarantine of 14 days after you have flown into the state.
House Speaker Nancy Pelosi said there will not be a standalone bill for airlines until a larger stimulus package is finalized. A couple of days ago, Donald Trump had stopped negotiating with Nancy Pelosi on a stimulus bill and said he would not do so until after the election. President trump did state the airlines should get additional aid now. Today he changed course
The airlines want the Trump administration to approve 25 billion dollars to keep people employed through March 2021 which helps the economy rebound.
In other news, Nancy Pelosi talks about using the 25th amendment regarding President Trump’s health. “I think that the public needs to know the health condition of the President,” Pelosi said. “There’s one question that he refused to answer, “When was his last negative test?” Pelosi said that this information is necessary in order to “make a judgment about the actions that were taken after that.”
Based on 9 analysts offering 12 month price targets for United Airlines Holdings in the last 3 months. The average price target is $44.60 with a high forecast of $54.00 and a low forecast of $36.00. The average price target represents a 21.76% increase from the last price of $36.63.Source; TipRanks.com
Nasdaq , Southwest Airlines NYSE – Nasdaq (LUV)
Analyst Price Target on LUV
▲ (14.75% Upside)
Based on 14 analysts offering 12 month price targets for Southwest Airlines in the last 3 months. The average price target is $44.20 with a high forecast of $56.00 and a low forecast of $36.00. The average price target represents a 14.75% increase from the last price of $38.52..Source; TipRanks.com