Delta CEO says gov't aid ensures no industry lay-offs through September 30

Delta Air Lines Chief Executive Ed Bastian said payroll assistance funds from the government under a massive stimulus package approved on Friday ensure there will not be any involuntary furloughs or pay cuts in the U.S. airline industry through Sept. 30.

File Photo: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 Consumer Electronics Show in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve MarcusCHICAGO: Delta Air Lines Chief Executive Ed Bastian said payroll assistance funds from the government under a massive stimulus package approved on Friday ensure there will not be any involuntary furloughs or pay cuts in the U.S. airline industry through Sept. 30.

Still, the government relief package"is not a cure for the unprecedented challenges we face," Bastian said in a memo to employees.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airlines turn to cargo for revenue as US Senate nears industry aid voteDelta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Airlines turn to cargo for revenue as US Senate nears industry aid voteCHICAGO: Delta Air Lines and Air New Zealand said they would offer cargo charter services on passenger planes to boost revenue as the US Senate ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »