- American Airlines expects to furlough or lay off 19,000 workers.
- Delta Airlines will lay off 2,000 workers.
- United Airlines may furlough 36,000 workers.
AA's president and its CEO put out a memo to their employees saying, “We hate taking this step, as we know the impact it has on our hardworking team members.” After 96% of their business disappeared in April due to the pandemic, business now is better but still far from normal.
"It's clear that the airlines, similar to a number of other companies that filed for bankruptcy protection, didn't have an adequate plan for a black swan event. Now, bereft of cash and customers, they need to go hat in hand to the government for more money to remain solvent."
They're asking the federal government for another bailout, funded of course by American taxpayers.
from Forbes
No comments:
Post a Comment