Reported 4 months ago
The U.S. Treasury Department has set a minimum price of $492 million for the upcoming auctions to sell warrants that allow the purchase of shares in U.S. airlines received as part of COVID-19 assistance. This includes warrants from airlines like American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines, with reserve prices ranging from $221 million to $1.7 million. The auctions aim to provide additional returns to taxpayers from the pandemic-related financial assistance, with the warrants expiring between 2025 and 2026.
Source: YAHOO