FILE PHOTO: A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. REUTERS/Joshua Roberts/File Photo
CHICAGO (Reuters) - American Airlines ( AAL.O ) could seek a larger loan from the U.S. Treasury Department, its chief financial officer said on Wednesday, noting that some peers may not use their portion of $25 billion in loans set aside for airlines under the CARES Act.
Southwest Airlines ( LUV.N ) has already announced that they are not taking the government loan, CFO Derek Kerr said at a conference, noting that the company is also in talks with Boeing Co ( BA.N ) to potentially defer the delivery of 18 737 MAX jets.
Reporting by Tracy Rucinski and Rachit Vats, Editing by Franklin Paul
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