Airlines To Recall Thousands Of Workers: What For?

The COVID package carved out a niche for the airline industry. In response. the airlines will recall workers.

What's In the Deal?

Two days ago I noted Congress Reaches a Virus Deal.

The bill is a monstrous 5593 pages long so no one really knows all the details of what in the bill except perhaps for the lobbyists who wrote it.

I did list 20 things in the bill and one of them was point four: $15 billion for airline payroll support.

Airlines to Bring Back Thousands of Workers 

The Wall Street Journal reports Airlines to Bring Back Thousands of Workers After Passage of COVID-19 Aid Bill.

Airlines are preparing to call back tens of thousands of workers they let go in October now that Congress has approved government assistance to cover carriers’ payroll through the end of March. The question is how long employees will be able to keep their jobs.

The $900 billion relief package for households and businesses battered by the coronavirus pandemic includes $15 billion for airlines to pay all their workers. Carriers are hoping—for the second time—that the government assistance will serve as a bridge through a rocky period.

The funding bill, which President Trump is expected to sign, covers airline employees’ wages and benefits retroactively from Dec. 1 through the end of March, and bars airlines from furloughing or laying people off again during that period.

The Truth

United Airlines Chief Executive Scott Kirby and President Brett Hart shared a message with employees and the media on Monday.

The truth is, we just don’t see anything in the data that shows a huge difference in bookings over the next few months.” 

1 2 3
View single page >> |

Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.