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American Airlines to send staff furlough notices again with travel demand low

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American Airlines on Wednesday said it will send furlough notices this week to about 13,000 employees as a second round of federal payroll aid is set to expire next month and travel demand remains in tatters.

“The vaccine is not being distributed as quickly as any of us believed, and new restrictions on international travel that require customers to have a negative COVID-19 test have dampened demand,” American’s CEO Doug Parker and President Robert Isom wrote in a note to staff.

Rival United Airlines last Friday sent similar furlough warnings to 14,000 staff members.

The latest $15 billion Congress approved for U.S. carriers late last year required airlines to recall the employees they…



Source cnbc.com

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