Scheduled Air Transportation

Businesses and organizations in the Scheduled Air Transportation industry (NAICS code 4811, part of the Transportation and Warehousing sector) received 2,547 PPP loans totaling $252.0M during the COVID-19 pandemic.

The average loan for this industry was $98,946 — above the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

90.3% of loans in this industry were forgiven — totaling $228.8M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include AIR WISCONSIN AIRLINES LLC of APPLETON, WI ($10,000,000); CHAMPLAIN ENTERPRISES LLC of NORTH OLMSTED, OH ($10,000,000); and MANAAIR LLC of COLLEGE PARK, GA ($10,000,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Transportation and Warehousing sector — air, rail, water, truck, transit, pipeline, and scenic transportation services. — businesses in NAICS 4811 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.