American Airlines says could seek larger Treasury loan, defer 737 MAX deliveries

CHICAGO (Reuters) – American Airlines <AAL.O> could seek a larger loan from the U.S. Treasury Department, its chief financial officer said on Wednesday, noting that some peers may not use their portion of $25 billion in loans set aside for airlines under the CARES Act.

Southwest Airlines <LUV.N> has already announced that they are not taking the government loan, CFO Derek Kerr said at a conference, noting that the company is also in talks with Boeing Co <BA.N> to potentially defer the delivery of 18 737 MAX jets.

(Reporting by Tracy Rucinski and Rachit Vats, Editing by Franklin Paul)

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