Airlines are ready for thousands of job cuts until the 11th bailout is reached.


Airline officials say they are ready to put workers on payroll if Congress signs that it will approve an additional $ 25 billion to the battered industry.
“If there is a clear and concrete path that says we are not yet completed but we will soon be, of course [we’ll avoid job cuts], “Said industry leader CEO Doug Parker American Airlines (AAL) Said in an interview with CNN on Wednesday.
Treasury Secretary Steven Menuchin told CNBC earlier in the day that he would urge airline officials to delay any job cuts as he and House Speaker Nancy Pelosi try to strike a deal on a new stimulus package.

Parker said he and other airline officials are pleased with the prospect of progress. But he cautioned that airlines may still have to move forward with fake loopholes in the absence of assurance that a deal is close. American has plans to cut 19,000 jobs.

“If it’s ‘we need too much time to work’ and it’s not clear if we can do something, it’s going to be very difficult,” he said.

In addition to American cut plans, United Airlines (UAL) Is considering 12,000 job cuts. Then there are about 17,000 job cuts at other airlines in American industry.
Unions have been making deals with airline management to try to delay or cancel even without a new round of federal help in place. The Air Line Pilots Association reached an agreement with United Monday, which would end 2,850 furloughs for its members. Delta Airlines (lentils) The pilots have also agreed to delay until at least 1 November. It is possible that other unions may also deal with airline management.
The possibility of involuntary job cuts in the industry expires on Thursday. The ban went into effect when airlines accepted $ 25 billion in federal help earlier this year. Although seven airlines are preparing to accept another round of loans approved earlier this year, those loans do not come with a moratorium on job cuts.
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The airlines have bipartisan support for another round of federal aid. At an event last week, Rep. Peter DeFazio, an Oregon Democrat and chairman of the House Transportation and Infrastructure Committee and Rep. Sam Graves, a Missouri Republican and ranking member on that panel, received additional support for the airlines. Help avoid job cuts.

Airlines, unions and their supporters in Congress argue that if jobs are lost, it will be much harder to get people back to work than in other industries because of the training and certification required for airline employees.

Air traffic has been raised by more than 90% declines, where it was in late March and April, when the first round of aid was passed by Congress. But traffic passing through TSA outposts is still about two-thirds lower than the year-ago traffic level and airlines are not expecting a total recovery for years.

But the industry has already laid off around 45,000 jobs through various voluntary purchases and offered early retirement to its employees. Officials say those voluntary departures are paired with hopes of recovery once the Kovid-19 vaccine becomes available, which is why they only need six months of help.

“You are not seeing airlines ground aircraft in the recession as we are doing today,” Parker told CNN. “What I anticipate is that we will continue to see a gradual improvement over the next six months. It does not need to be recovered in any way at all, but 80% say what it used to be, we all For airlines to fly, we will need to employ all the people we have hired. “

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