Page Title

America Airlines plans to cut its management and support staff by 30% by Sept. 30 and will start laying off workers if it doesn’t get enough volunteers for buyouts. Fort Worth-based American says it’s preparing to run a smaller airline, with fewer aircraft and routes next summer. It and other airlines are now beginning the processes of trimming their workforces in anticipation that there will be fewer passengers for the rest of 2020 and possibly CEO Doug Parker said Fort Worth based American Airlines is not looking at bankruptcy as an option despite burning through $70 million a day in cash and taking on billions in debt to navigate the COVID-19 pandemic. in years to come. On Thursday, Atlanta-based Delta Air Lines sent a memo to employees that said it will need fewer employees in the fall. Last week, Gary Kelly, CEO of Dallas-based Southwest, warned of “radical restructuring” if business doesn’t improve fast this summer. American’s announcement means about 5,000 fewer employees, with many jobs being cut in Fort Worth at the company’s corporate headquarters campus. “Fleet retirement accelerations are underway, and we will fly roughly 100 fewer aircraft next summer — mostly widebodies — than we had originally planned," Elise Eberwein, American Airlines executive vice president of people and global engagement, said in a letter to employees Wednesday night. “Additionally, running a smaller airline means we will need a management and support staff team that is roughly 30% leaner.”

Nested article