Shares of major U.S. airlines erased some losses in premarket trading Wednesday morning after President Trump late Tuesday signaled his support for another $25 billion in payroll support for the airline industry just hours after publicly ending negotiations in Washington over the next federal coronavirus relief bill. ... [+]United Airlines gained 4.6% in premarket trading after closing 3.6% lower on Tuesday when Trump abruptly ended talks. Shares of JetBlue soared 6%.
United and American began furloughing more than 30,000 employees last week after a $25 billion federal support program set up under the CARES Act ran out on October 1.
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