Thursday, November 26, 2020
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American & United axing 32,000 jobs as government cannot agree on airline bailout

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Ground staff stand under Airbus A380 aircraft for Air France KLM
Airbus warns of MASSIVE LAYOFFS amid “gravest crisis” in company’s history

The layoffs would add to job losses that already total 150,000 at the nation’s four largest carriers, based on employees who have left voluntarily or have taken temporary leave. Seven US airlines, including American and United, are getting ready to accept another round of loans that was also approved earlier this year. That aid, however, does not include a prohibition on cutting jobs.

Every US airline has lost money in the first half of this year, with American Airlines losing $5 billion and United down $3.3 billion.

For more stories on economy & finance visit RT’s business section

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