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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.
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 ...
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 ...
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 ...
Federal government COVID-19 pandemic relief for US airlines expires with the United States Congress deadlocked over extending further aid. Various US airlines respond by commencing massive layoffs and furloughs, with American Airlines to cut 19,000 jobs, and United Airlines to cut 13,000. [44] 5 October
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 ...
Already in 2024, companies across the nation have experienced massive layoffs — some hitting close to home in Louisville. Companies like UPS, Microsoft, American Airlines, Business Insider and ...