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American and 4 other airlines reach loan agreements with US
DALLAS - American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel caused by the virus pandemic.The Treasury Department said Thursday that it had finalized terms of new loans to American, Spirit Airlines, Frontier Airlines, Hawaiian Airlines and SkyWest Airlines.All the leading U.S. airlines had previously accepted a combination of grants and loans to help cover payroll costs through Sept.