Southwest Airlines to apply for aid with U.S. Treasury after demand craters

[April 02, 2020]    (Reuters) - Southwest Airlines Co <LUV.N> said on Thursday it intends to file an application with the U.S. Treasury department for aid related to the disruption caused by the coronavirus pandemic.

A Southwest Airlines jet taxis on the runway at Washington National Airport in Washington, U.S., August 9, 2017. REUTERS/Joshua Roberts

The aid could be in form of grants that could boost liquidity and provide job security for its employees from April 1 through Sept. 30, 2020, Southwest said.

The company also drew down $2.33 billion in credit, as airlines move to shore up liquidity during the outbreak, a regulatory filing showed. (https://bit.ly/2R2K6pO)

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)

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