The Federal Government Has Awarded Only 16% Of Payroll Grants to Cargo Airlines

The CARES Act provided $4 billion in payroll support grants to cargo airlines. The Department of the Treasury has posted an update on what’s been awarded and so far that’s only $639,396,237 to 28 cargo carriers.

International cargo has had its challenges, though demand has remained significant with commercial airlines stepping in with cargo flights where there’s been insufficient capacity. As people have stayed at home, the customers have changed and logistics have changed.

Notably the U.S. Treasury hasn’t reported agreements for payroll support for Federal Express, UPS, or DHL. Instead most of the grants have been to smaller companies.

Here’s the full list:

Carrier Payroll Support
ATLAS AIR INC. $406,842,820
WESTERN GLOBAL AIRLINES LLC $34,770,163
AMERIJET INTERNATIONAL INC. $30,352,860
LYNDEN AIR CARGO LLC $21,761,805
ACTIVE AERO GROUP – USA JET AIRLINES $21,673,914
NORTHERN AIR CARGO LLC $21,138,005
NATIONAL AIR CARGO GROUP INC. $15,817,488
AMERIFLIGHT LLC $15,804,274
AEKO KULA LLC $15,346,789
SKY LEASE I INC. $13,659,484
AIR TRANSPORT INTERNATIONAL INC. $8,330,000
GULF & CARIBBEAN CARGO INC. $7,856,911
AIR CARGO CARRIERS LLC $6,156,554
WEST AIR INC. $3,151,630
FREIGHT RUNNERS EXPRESS INC. $2,767,691
21 AIR LLC $2,305,289
BEMIDJI AVIATION SERVICES INC $2,182,229
IFL GROUP INC. $1,920,149
PAK WEST AIRLINES INC. $1,698,843
BUSINESS AVIATION COURIER INC $1,206,698
CASTLE AVIATION INC $1,177,672
GTA AIR INC. $919,148
KAMAKA AIR INC. $602,339
CATALINA FLYING BOATS INC. $569,176
LEGACY AIRWAYS LLC $449,592
CONQUEST AIR INC. $378,782
GEM AIR LLC $337,215
AIRPAC AIRLINES INC. $218,717

So far the Treasury Department has awarded just 16% of the $4 billion in payroll support grants that the CARES Act provided for cargo airlines.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Perhaps, as you note above, these entities did not suffer many layoffs because of continuous strong demand?

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