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The Treasury's Assistance to the Airline Industry and National Security Businesses During the COVID-19 Pandemic

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  • Congressional Budget Office

Abstract

During the COVID-19 pandemic, lawmakers enacted legislation to stabilize the airline industry in response to a sharp and widespread decline in air travel. That legislation authorized the Treasury to provide broad-based assistance through two programs: grants to support payrolls and a credit program to support air carriers, related businesses, and businesses critical to national security. The Treasury was given discretion in setting compensation for the government, which was subsidizing those grants and loans.

Suggested Citation

  • Congressional Budget Office, 2026. "The Treasury's Assistance to the Airline Industry and National Security Businesses During the COVID-19 Pandemic," Reports 62264, Congressional Budget Office.
    • Handle: RePEc:cbo:report:62264
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    File URL: https://www.cbo.gov/system/files/2026-06/62264-airline-assistance.pdf
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    More about this item

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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