Treasury details COVID-relief airline warrant amounts

July 31, 2024
Planes lined up to take off into sunset_pexels-tomfisk-2730174-1

Photo by Tom Fisk

In June, the Treasury Department announced that it netted more than $556 million in airline warrants, issued in connection with COVID-19 relief funds, that had been sold.

The airlines issued the stock warrants in 2020 and 2021 as partial compensation for financial assistance and loans that Treasury provided to the airlines during the coronavirus pandemic.

Provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act); the Consolidated Appropriations Act, 2021; and the American Rescue Plan Act of 2021 gave the federal government the option to purchase shares of airline stock at a set price, and later auction them.

Today, Treasury released details on the auctions, held from June 3 to 13, for the purchase of common stock of 11 publicly traded airlines. The airlines, auction amounts, and more are listed below.

Issuer Auction Date Proceeds Warrant
Shares
Winning
Bidder
Delta Air
Lines, Inc.
6/5/2024 $233 million 11,137,878.35 J.P. Morgan
Securities LLC
United Airlines Holdings, Inc 6/6/2024 $222.5 million 9,928,349 Capital Ventures
International
American Airlines
Group Inc.
6/13/2024 $32.6 million 29,427,914 SRS Partners
Master Fund LP
SkyWest, Inc. 6/4/2024 $36.2 million 785,226 Capital Ventures
International
Alaska Air
Group, Inc.
6/7/2024 $17.25 million 1,882,517 J.P. Morgan
Securities LLC
Southwest
Airlines Co.
6/7/2024 $5.65 million 4,961,811.77 Southwest
Airlines Co.
Frontier Group
Holdings, Inc.
6/5/2024 $3.45 million 3,117,940 Citigroup Global
Markets, Inc.
Hawaiian
Holdings, Inc.
6/6/2024 $3.45 million 1,134,685 Citigroup Global
Markets, Inc.
JetBlue Airways
Corporation
6/3/2024 $2.295 million 5,598,807 D.E. Shaw Valence Portfolios L.L.C.
Spirit
Airlines, Inc.
6/3/2024 $195,000 913,382.82 Hudson Bay
Master Fund Ltd
Allegiant Travel Company 6/4/2024 $95,001 29,562.14 Parallax Master
Fund, L.P.

 
You also might find these items of interest:

 

Advertisements

🌟 Search Amazon Luggage Deals 🌟
The text link above goes to affiliate ads. If you click through and then buy a product, I receive a commission.

 

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
6 tax moves to consider this June

June 3, 2026

Definitely take a break this June. But taxes don’t take vacations. So, you also should…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments