Top US airlines starting 32,000 furloughs as bailout hopes fade - News Summed Up

Top US airlines starting 32,000 furloughs as bailout hopes fade


Both airlines told employees, however, in memos seen by Reuters on Wednesday that they stood ready to reverse the furloughs, which affect about 13% of their workforces before the pandemic, if a deal was reached. US airlines have been pleading for another $25 billion in payroll support to protect jobs for a further six months once the current package, which banned furloughs, expires at midnight EDT. US airlines are operating about half their 2019 flying schedules and suffering a 68% decline in passenger volumes. Airlines have argued they need trained employees to help drive an economic recovery as the pandemic subsides. American Airlines' Parker told CNN he believed one more round of aid would be sufficient.


Source: bd News24 October 01, 2020 01:30 UTC



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