The U.S. Treasury Department said on Friday it received $556.7 million in proceeds from auctions to sell warrants in 11 major U.S. airlines the government received in exchange for COVID-19 assistance.

The proceeds are a fraction of the total assistance awarded to airlines.

Congress approved $54 billion in COVID-19 air carrier bailouts in 2020 and 2021. Airlines were required to repay $14 billion of that total and Treasury received warrants to purchase stock at the share price of the time of the awards.

The warrants expire between April 2025 and June 2026.

Treasury had set revised minimum prices for the warrants of $458 million in total. A Treasury spokesperson said the government plans to publicly announce the individual auction sale prices later this summer.

American Airlines (NASDAQ:AAL) received $12.6 billion in government assistance, followed by Delta $11.9 billion, United Airlines $10.9 billion, and Southwest at $7.2 billion.

Seven other airlines received smaller awards, including $2.2 billion for Alaska Airlines.

Treasury set reserve prices of $221 million for its Delta warrants, $159 million for United, $25 million for American Airlines, $30 million for SkyWest (NASDAQ:SKYW), $17 million for Alaska Air (NYSE:ALK), $2.7 million for Hawaiian Airlines, $1.9 million for Frontier Group and $1.7 million for Southwest.

The Treasury sought at least $50,000 per airline for its warrants in Allegiant, Spirit Airlines (NYSE:SAVE) and JetBlue. Those warrants and others were priced below the current trading prices of the carriers' stocks.

https://www.investing.com/news/stock-market-news/us-treasury-receives-5567-million-from-auction-of-airline-warrants-3492635

No threat found following ‘incident’ at Peterson SFB

“..all we can confirm is that there is an ongoing incident at the gate.”

The military isn’t sharing many details about an incident at Peterson Space Force Base on Friday.

Multiple people reached out to 11 News just after noon because the east gate to Peterson was closed.

“..all we can confirm is that there is an ongoing incident at the gate,” Connie Dillon the Chief of Public Affairs for Space Base Delta 1 wrote to 11 News.

Just before 2 p.m., an update was provided by Dillon.

“We were following our inspection protocol,” Dillon added. “Commercial vehicles enter our inspection area at the East Gate prior to driving onto base. One of our military working dogs alerted to one of the vehicles, which led to a more thorough inspection. No threats were found and traffic should be resuming soon.”

https://www.kktv.com/2024/06/21/ongoing-incident-peterson-space-force-base-friday/