Airlines have struggled throughout the pandemic, but a second round of federal stimulus grants and loans should help. Atlanta-based Delta Air Lines got a $1.4 billion installment last Friday. That’s part of $2.9 billion in payroll support payments Delta is due to receive from the U.S. Treasury Department this quarter, in exchange for 2.1 million shares of Delta stock.
The DOT’s average fares are based on round-trip itineraries, but the data also include one-way tickets if no return fare is purchased. About 55% of the fares were for round trips.