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Under the terms of a $25 billion bailout fund that was created earlier this year as part of the CARES Act, airlines are prohibited from cutting jobs or reducing workers’ pay through Sept. 30. But absent another stimulus deal, major airlines have warned they will be forced to furlough thousands of pilots, flight attendants, gate agents and other employees.
United Airlines plans to furlough up to 16,370 employees in October (though it reached a tentative agreement with the pilots union to avoid nearly 3,000 of those); American Airlines could lay off and furlough as many as 19,000 workers; and Delta is preparing to furlough nearly 2,000 pilots.
The industry has warned that as many as 75,000 jobs could be at risk.
Airlines are required to inform employees of mass layoffs 60 to 90 days ahead of time.
|UAL||UNITED AIRLINES HLDG.||36.92||+0.18||+0.49%|
|AAL||AMERICAN AIRLINES GROUP INC.||13.31||+0.06||+0.41%|
|DAL||DELTA AIR LINES INC.||33.75||+0.92||+2.80%|
|LUV||SOUTHWEST AIRLINES CO.||40.39||+0.33||+0.82%|
“Thousands of ALPA pilots continue to face layoffs, pay cuts, and significantly reduced flying time as a result of the coronavirus pandemic, and the looming expiration of