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American, United move ahead with 32,000 furloughs, but will recall workers if cornoavirus aid deal reached

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American Airlines and United Airlines will start furloughing more than 32,000 employees on Thursday after talks for a national coronavirus aid package failed in Washington, but both carriers say they are prepared to reverse course if a stimulus deal is reached.

The terms of $25 billion in federal payroll support Congress passed for the ailing sector in March prohibit airlines from cutting jobs until Oct. 1. The aid was meant to help airlines cope with a sharp drop in bookings until there was a significant recovery in demand, which hasn’t materialized. 

Airlines spent the last several months urging lawmakers for another $25 billion in payroll support, a proposal that has won bipartisan…



Source cnbc.com

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