American Airlines is notifying 25,000 workers of possible layoffs — almost 20% of the company (AAL)

American Airlines said on Wednesday that it will warn 25,000 frontline workers of impending layoffs or furloughs, including 9,950 flight attendants and 2,500 pilots.The airline said it had hoped travel demand would recover by the time CARES Act funding ends on October 1. American Airlines said it no longer expects that.American previously issued layoff notices…

American Airlines is notifying 25,000 workers of possible layoffs — almost 20% of the company (AAL)

American Airlines said on Wednesday that it will warn 25,000 frontline workers of impending layoffs or furloughs, including 9,950 flight attendants and 2,500 pilots.The airline said it had hoped travel demand would recover by the time CARES Act funding ends on October 1. American Airlines said it no longer expects that.American previously issued layoff notices to support and management workers.Visit Business Insider’s homepage for more stories.

American Airlines said on Wednesday that it will warn 25,000 frontline employees of possible furloughs and layoffs, nearly 20% of the company’s workforce of 130,000.Although travel demand had begun a modest rebound, airline CEO Doug Parker and president Robert Isom said in a letter to employees that demand has begun to slow down again as COVID-19 infections have spiked in numerous US states.”From the time the CARES Act was signed in March, we had a stated goal of avoiding furloughs because we believed demand for air travel would steadily rebound by Oct. 1 as the impact of COVID-19 dissipated,” Parker and Isom wrote in the letter. “That unfortunately has not been the case.”The affected employees will
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