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Thousands of airline workers are bracing for layoffs at the end of the month unless Congress overcomes a monthlong stalemate. Airlines face wave of layoffs amid coronavirus-aid impasse Skip to ...
Yahoo Finance’s Sibile Marcellus joins Akiko Fujita to break down how companies like Delta Airlines are changing the flight experience for travelers amid the coronavirus. Massive layoffs loom ...
United Airlines Holdings (UAL) warned on Wednesday that it may lay off as many as 36,000 workers, or 45% of its workforce. United eyes mass layoffs as coronavirus creates 'worst crisis' in airline ...
On 21 July 2020 Jet Time announced it had filed for bankruptcy, [39] after having discharged most of its employees in June due to COVID-19. [40] However, the owner expects and is preparing for a reconstruction in the new company Jettime, [ 41 ] to resume operations after the pandemic.
The effects of COVID-19 lockdowns were subject of the first quantitative research on large-scale modal shifts and demand reduction in aviation. [150] It illustrated that a significant share of business travel is not necessary [151] and advanced or increased the adoption of various methods and technologies to mitigate air travel demand.
Ten major airlines have tentatively agreed to accept federal assistance to keep employees on their payrolls through Sept. 30 after balking for the past week over surprise terms presented by the ...
Flight attendants likely will be the hardest hit if the airline layoffs come this week because there are over 25,000 of them, more than any other job in the industry, said Savanthi Syth, an ...
The unemployment rate clocked in at 7.9%, down from 8.4% in August. Going forward, we may see only incremental employment gains at best, at least until the virus is completely under control.