American Airlines

United States
https://www.aa.com/homePage.do
Travel,Airlines

Layoff Date:

August 26, 2020

Laid Off Employees:

19000

Laid Off Percent:

Not Reported

Source: CNBC
American Airlines will cut 19,000 employees in October when federal aid that protected those jobs expires and as the coronavirus pandemic continues to devastate travel demand, the carrier said Tuesday. The Fort Worth, Texas-based airline, which employed more than 140,000 people in March, is prohibited from laying off workers through Sept. 30 under the terms of a $25 billion federal aid package set aside for carriers to weather the worst of the crisis. But demand has only modestly recovered, presenting a dire scenario for airlines. American said its fourth-quarter capacity will be half of the year-ago level and that international long-haul flights will be just 25% of its 2019 schedule.
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