“American Air Sees 19,000 Job Cuts Once U.S. Payroll Aid Expires”
August 25, 2020
“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand.
About 17,500 employees will be furloughed, meaning they are eligible to be called back when conditions improve, while 1,500 previously announced cuts to management staff will take effect, the airline said in an email Tuesday. American is the first major carrier to disclose the extent of shrinking operations to adjust to passenger numbers that are down 70% from last year…”
https://finance.yahoo.com/news/american-airlines-plans-19-000-150246788.html