American Airlines says it will lay off or involuntarily furlough 19,000 employees unless the airline industry gets more help from Congress
The world's largest airline, which had 133,700 employees heading into this year, says it will need to reduce headcount by"at least" 40,000 employees. It said that 12,500 had agreed to leave the company with early retirement or buyout packages, and another 11,000 had agreed to voluntary furloughs for October.
"The only problem with the legislation is that when it was enacted in March, it was assumed that by September 30, the virus would be under control and demand for air travel would have returned," said the letter. Read More"That is obviously not the case. Based on current demand levels, we at American now plan to fly less than 50% of our airline in the fourth quarter, with long-haul international particularly reduced to only 25% of 2019 levels," they added.
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