U.S. airlines cheered when Congress last month dedicated $50 billion in aid for the ailing sector. That included $25 billion in a mix of grants and loans that are solely dedicated to paying their roughly 750,000 workers and require airlines not to furlough or cut their pay rates —The government aid "is helpful in the near-term because we can protect our employees in the U.S.
"We will do as many things through voluntary means as we can to get our costs in line over time, over the next 12 months, with our demand profile," Bastian said on a media call Wednesday, when asked whether involuntary furloughs or layoffs will be unavoidable. "If it turns that we're unable to do that and the demand is much slower in materializing than we expect at the present time we may be forced to make those decisions."Cowen & Co.
Thousands of airline employees have already volunteered for unpaid leave and airlines are keeping those options open. Airlines continue to ask staff to consider unpaid or partially paid time off, leaves that can last as long as 12 months. U.S. airlines as of April 15 had idled more than 2,700 planes, more than 44% of their fleet, according to Airlines for America, a trade group that represents the largest U.S. carriers. Some airlines are discussing delivery schedules with aircraft manufacturers which could mean deferrals of new planes. Airlines pay the bulk of an aircraft's price when they take delivery. That's
Private business's don't get bail outs
boo fucking hoo
Airlines should sue China