American Airlines, without additional stimulus, will cut flights to more U.S. cities, CEO says

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'We can't continue to wait. If forced to, of course, we will indeed discontinue service to a lot of markets,' American Airlines CEO Doug Parker told CNBC on Thursday.

unless it was part of a broader stimulus measure.

Parker said American and other major carriers are pushing back more flight cuts, holding out hope for extra government aid. "There will absolutely be discontinuation of service to small communities, and there will be much less service to larger communities" without more coronavirus relief, he stressed.halted broader relief talks, and then began pushing for smaller measures focused on airlines, small businesses and stimulus checks for individual Americans.

The first round of government support during the pandemic came in March, and it prevented airlines from making job cuts and required them to maintain minimum levels of service through Sept. 30. "It gave us the funds to keep people employed that there wasn't enough demand in the airline to keep them employed," Parker said. "It allowed us to serve more markets than we would have otherwise."

Source: Financial Digest (financialdigest.net)

 

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Thank you SpeakerPelosi

Not so may people flying anyway

Who’s to blame? Well, who is making up these retarded rules and shutting down the economic activity. Don’t blame a virus. It isn’t overreacting. Politics and politicians are solely to blame.

Did AmericanAir CEO Doug Parker cut his Millions of dollars of salary during this time?

Make them file for bankruptcy, someone will buy these assets. We don't need zombie companies, we can get by fine on limited airline travel.

sell all that stock you bought back over the last several years.

We want moratorium. Remove all penalties, ecs fail charges. Save us. Save the middle/ lower class. Stop verbal/ physical abuse. Business, Self employment severely affected. Services gone in lakhs. No fresh opportunity since lockdown. We demand moratorium WeWantMoratorium

Before the pandemic, many americans saved a bit of what they were making. Airlines were making BILLIONS. Instead of saving a dime, they bought their own stock. You deserve the shit box you put yourself into.

Issue new shares!

But not ceo pay.

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