American Airlines Will Slash Even More Routes Without New Stimulus Funds, CEO Warns

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American Airlines will slash even more routes without new stimulus funds, CEO Doug Parker warns by theothersarahh

to more than a dozen cities through November, and last week began furloughing 19,000 employees because of the expiration of the first round of federal aid to the industry on October 1.

As part of a payroll support program under the CARES Act, ten U.S. airlines received $25 billion in federal relief money in exchange for agreeing to retain 90% of their staff, limit executive pay, and curb stock buybacks and dividend payments. “There is enormous bipartisan support for an extension of this payroll support program,” Parker said.

The 19,000 furloughs could be reversed, the airline said, if Washington is able to deliver more aid to the industry. Other airlines have also struggled as the coronavirus flattened traveler demand: United last week began furloughing 13,000 workers, and Delta and JetBlue have also suspended service to certain cities for an indefinite period. “We can’t continue to wait,” Parker said Thursday. “If forced to, of course, we will indeed discontinue service to a lot of markets and we will be much slower to rebound and help the country rebound from this pandemic.

 

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theothersarahh Thank you realDonaldTrump , this is your fault. This whole mess is your fault, Trump.

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