Ultimately, the federal government provided $4.6 billion in one-time, subject-to-income-tax cash payments to 427 U.S. air carriers, with no provision for repayment, essentially a gift from the taxpayers. (Passenger carriers operating scheduled service received approximately $4 billion, subject to tax.) In addition, the ATSB approved loan guarantees to six airlines totaling approximately $1.6 billion. Data from the U.S. Treasury Department show that the government recouped the $1.6 billion and a profit of $339 million from the fees, interest and purchase of discounted airline stock associated with loan guarantees.
ultimately the federal government provided $46 billion in one-time subject-to-income-tax cash payments to 427 us air carriers with no provision for repayment essentially a gift from the taxpayers (passenger carriers operating scheduled service received approximately $4 billion subject to tax) in addition the atsb approved loan guarantees to six airlines totaling approximately $16 billion data from the us treasury department show that the government recouped the $16 billion and a profit of $339 million from the fees interest and purchase of discounted airline stock associated with loan guarantees