American Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the airline business.
The terms of $25 billion in federal coronavirus aid prohibit carriers from laying off workers or cutting their pay rates through Sept. 30, but weak demand is forcing airlines to ready cut costs.
American had more than 133,000 employees as of the end last year and labor accounted for more than a third of its operating expenses. "Our expectation is that WARN notices will be sent next week," said Chip Long, American's managing director of flight line operations, in a July 10 audio message for pilots, which was heard by CNBC. "Again, our hope is to very soon engage with APA and seriously explore every opportunity to take care of our pilots while taking care of our airline."
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