DAL doesn't look promising, technically. But the U.S. Treasury will receive warrants to purchase over 6.5 million shares at a strike price of $24.39 with a 5-year maturity. Eligibility for $4.6 billion in secured loans, if the company chooses to apply and accept funds. Co has reduced its daily cash burn to $50 mln from $100 mln at the end of March.
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