Delta Air Lines plans to furlough 1,941 pilots in October as the airline industry struggles to rebound from coronavirus-related fallout
"We've said before that early retirements alone wouldn't solve the pilot overstaffing situation caused by the Covid-19 pandemic," said John Laughter, senior vice president of flight operations, in an internal memo to employees. Delta provided the memo to CNN Business.Laughter said the company may be able to"avoid or reduce" the furloughs if cost-reducing agreements are able to be made with their union, and if the CARES Act is extended.
4 billion in grant funds and unsecured loans from the CARES Act, according to an SEC filing. Read MoreThe airline currently has 11,200 active pilots, according to the memo. Laughter projects the company will need roughly 9,450 pilots for the summer 2021 schedule, which he says Delta expects to be the peak flying period for the next year or so.Delta warned employees back in May of potential employee cuts.
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