New York (CNN Business) Delta Air Lines is planning to furlough 1,941 pilots in October as the airline industry struggles to rebound from coronavirus-related fallout. Laughter said the company may be able to "avoid or reduce" the furloughs if cost-reducing agreements are able to be made with their union , and if the CARES Act is extended. It's vitally important for Delta's recovery that we reduce our size considering the prolonged and uncertain road ahead," he said. The federal bailout known as the CARES Act is set to expire at the end of September. Delta received $5.4 billion in grant funds and unsecured loans from the CARES Act, according to an SEC filingRead More

Source: CNN August 25, 2020 02:15 UTC