The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
Airlines continue to reduce their workforces in an effort to align their businesses with the sharp downfall in air travel. But they are also trying to keep enough workers, particularly pilots whose training is costly and lengthy, to service any recovery.
Airlines have said cancellations are slowing and bookings are improving, though their flying schedules are still just about 20% of what they would normally be. “Every voluntary departure helps to protect the jobs of those who most need them,” CEO Ed Bastian said in the memo to employees. He added: “I can’t emphasize enough how challenging the environment is, and will be for the foreseeable future.”U.S. airlines cannot force any job or pay rate cuts until Oct. 1 under the terms of the federal CARES Act, which provides billions of dollars to help cover their payroll expenses until Sept. 30.
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