US airlines agree $25 billion bailout package

 The US Treasury department has reached an agreement with the US airlines that will enable the sector to receive billions of dollars of aid to cover payroll costs during the coronavirus pandemic. The agreement come after push back from the airline sector over the inclusion of equity stakes within the aid package. Despite the sector’s unhappiness over the US government taken ownership positions in the final agreement Despite these mutterings, according to analysts Cowen the aid was taken up broadly across the sector. “The approved grant amount was lower than we anticipated on an airline by airline basis, indicating a