American Airlines To Cut 19,000 Jobs, Delta 1,941 Pilots — Unless Industry Secures Govt Aid

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American Airlines announced on Tuesday that it will slash 19,000 jobs in the month of October unless the government extends an additional aid package. Delta, meanwhile, is furloughing 1,941 pilots.

In a memo obtained by Reuters, the company’s Chief Executive Doug Parker and President Robert Isom wrote, “In short, American’s team will have at least 40,000 fewer people working October 1 than we had when we entered this pandemic.”

Delta is also announcing cuts, saying it intends to furlough 1,941 pilots. It, too, cites the fallout from Covid-19, writing in a memo, “We are six months into this pandemic and only 25% of our revenues have been recovered. Unfortunately, we see few catalysts over the next six months to meaningfully change this trajectory.”

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The airline industry, as a whole, has suffered significantly amid the pandemic and, despite $25 billion in aid from the federal government, has found that the demand for air travel has weakened so considerably that is unable . The industry, as a whole, is seeking an additional $25 Billion however, given Congress’s inability to come to an agreement on a second round of stimulus ahead of an election, it’s unclear the industry will get the aid in time.

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Trish Reganhttps://trishintel.com
Trish Regan is an award winning financial journalist, an American television talk show host and author who interprets political events through an economic lens.

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