LAS VEGAS (AP) — Allegiant Airlines will receive $171.9 million in federal emergency relief through the Payroll Support Program created to help stimulate the economy in response to the COVID-19 pandemic.
The airlines' Las Vegas-based parent company, Allegiant Travel Co,. announced Tuesday the money provided under the Coronavirus Aid, Relief and Economic Security Act will cover approximately 76% of budgeted payroll and benefits costs for its 4,500 workers through Sept. 30.
It includes $21 million to be repaid through a 10-year, low-interest loan.
Company officials say more than 25% of Allegiant's workforce already is participating in a voluntary short-term leave program or voluntary pay reductions.