American Airlines will furlough up to 19,000 employees on October 1, the airline said in a memo to staff on Tuesday, unless an extension of the CARES Act's payroll support program is passed before then.will furlough and lay off 19,000 employees on October 1, the airline said in a memo on Tuesday.Including buyouts and early retirements, American will shrink by nearly 40,000 employees compared to pre-pandemic levels.
Airlines have been hit particularly hard by COVID-19, with travel demand collapsing early in the pandemic and making only modest recoveries since, hampered by summer spikes across the US. The airline needs to shrink by 40,000 employees compared to its size entering the pandemic, Parker and Isom wrote. About 12,500 employees have taken early retirement or other buyout packages, while a further 11,000 have applied for voluntary unpaid leaves of absence in October.
"So, as Sept. 30 approaches, we have announced reductions in service, including the complete elimination of service to certain markets in early October, and today we are announcing the related reductions in our workforce," the pair wrote.
They keep kicking people off with small and special needs children. Since 40% of the country can now work remotely, some permanently like us, we can drive stateside. Gas is cheaper, free luggage, and great scenery save us a lot of airport inconvenience.
Curious what's going on in aviation? What impact did COVID19 have? Why has WarrenBuffett sold all his airline stocks? Details in my video!!! 👇
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