American Airlines plans 19,000 furloughs, layoffs in October
DALLAS American Airlines said Tuesday it will eliminate 19,000 jobs in October as it struggles with a sharp downturn in travel because of the pandemic. The furloughs and management layoffs announced Tuesday are in addition to 23,500 employees who accepted buyouts, retired early or took long-term leaves of absence. U.S. air travel plunged 95% by April, a few weeks after the first significant coronavirus outbreaks in the United States. In March, passenger airlines got $25 billion from the government to save jobs for six months, and American was the biggest beneficiary, receiving $5.8 billion. American plans to fly less than half its usual schedule and only one-fourth of its lucrative international service in the fourth quarter.