US airlines move toward federal loans as Covid-19 surge threatens demand, jobs | Malay Mail

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CHICAGO, July 8 ― The largest US air carriers have all signed letters of intent on federal loans to help them weather the novel coronavirus, with United Airlines warning employees yesterday that a surge in outbreaks was hitting bookings, threatening a travel rebound and jobs. United employees...

Wednesday, 08 Jul 2020 07:10 AM MYT

United employees should expect to receive as soon as this week notices about potential furloughs effective October 1, the airline said in a regulatory filing. It expects travel demand to remain depressed until a widely accepted Covid-19 treatment or vaccine is found, with no straight line to an industry recovery.

It is among US airlines encouraging employees to accept voluntary departure packages to help prevent tens of thousands of job losses in the fall but said not enough workers have signed up ahead of a July 15 deadline to apply.

 

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