Big Furloughs In The Airline Industry
Two big U.S. airlines today furloughed 32,000 employees in the middle of the coronavirus pandemic. American Airlines CEO Doug Parker said that if Washington comes up with a deal for $25 billion for the airlines over the next few days, the company will reverse its 19,000 furloughs and recall all the other workers. United Airlines told government leaders in Washington DC that if the payroll aid is approved in the next few days, it also could undo its furlough.
The airlines have persuaded tens of thousands of employees to take early retirement or severance deals because of the coronavirus. After those offers, the airlines now have more polite flight attendants, mechanics and other workers than they need.
U.S. air travel remains down nearly 70% from one year ago. It is sad times for the airline industry.
Today politicians are talking about the economic recovery. If people are not traveling by air travel, a vital business of our country is being affected.
The Presidential election is around the corner. The stimulus bill is still up in the air. The coronavirus pandemic is still serious and we are still uncertain who will be our leader for the next four years. This is the time we all need to make our own decisions.