American Airlines is planning to reduce its mangagement and support staff jobs by 30% as it scrambles to cut costs because of the coronavirus.
The airline also started offering buyouts to these employees and said it plans to offer new voluntary leave and buyouts for frontline staff, such as flight attendants, next month, according to a company memo that was viewed by CNBC.
American and other airlines are scrambling to cut costs because of the pandemic's devastating effect on travel demand. While more travelers are taking to the skies in recent weeks than last month, demand is still down more than 80% from a year ago.
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