The enormous crash of revenue for passenger airlines around the world means that they can't keep paying employees. For some it's temporary, but some will never come back:
- Canada Air is laying off about 5,000 cabin crew members, half their roster
- Air New Zealand will let go 3,500 employees, one-third their roster
- Scandinavian Airlines will temporarily let go 10,000 workers - 90%
Will these employees still pay their rent, make their car payments? There's a ripple effect on every part of the economy when a significant portion of workers lose their jobs.
The airline industry buys services and food from other businesses. Vendors who serve Orlando, New York, Philadelphia and other airports have laid off hundreds of workers.
from Forbes
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