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Southwest CEO announces pay cuts to avoid layoffs, furloughs through 2021

October 6, 2020

The expired $25 billion stimulus package is causing airlines to furlough workers and cut flights. FOX Business’ Kristina Partsinevelos with more.

In a video to employees Monday, Southwest CEO Gary Kelly announced that the airline will need to “sacrifice more” by undergoing pay cuts in an effort to avoid layoffs and furloughs through 2021 amid the coronavirus pandemic’s ongoing impact on travel demand.

The announcement comes as the airline industry has been pleading for an extension of the payroll support program allotted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act which Congress passed in March following the expiration of the $25 billion bailout on Oct.1.

Kelly noted that since the act’s Payroll Support Program (PSP) has expired, that Southwest “simply cannot afford to continue with the conditions required to maintain full pay and employment,” Kelly said.

Applauding his employees, stating they “all have performed magnificently” and called them

American Airlines moves ahead with 19,000 furloughs, but will recall workers if aid deal reached

October 1, 2020

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An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020.

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An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020.

American Airlines will move ahead with plans to furlough 19,000 workers on Thursday after talks for a national coronavirus aid package failed in Washington, but the airline is prepared to reverse course if a deal is reached, its CEO said.

American Airlines will move ahead with plans to furlough 19,000 workers on Thursday after talks for a national coronavirus aid package failed in Washington, but the airline is prepared to reverse course if a deal is reached, its CEO Doug Parker said.

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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

U.S. airlines to accept billions in loans from federal government; still no deal to avoid furloughs

September 30, 2020

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The announcement comes as tens of thousands of airline employees face the possibility of furloughs if Congress is unable to reach a deal to extend a separate grant program that gave airlines billions of dollars if they agreed to keep workers on the job through the end of September. While negotiations continue, a deal must be reached before midnight Wednesday.

“The payroll support and loan programs created by the CARES Act have saved a large number of aviation industry jobs, and kept workers employed and connected to their health care, during an unprecedented time,” Treasury Secretary Steven Mnuchin said in a statement. “We are pleased to conclude loans that will support this critical industry while ensuring appropriate taxpayer compensation.”

Mnuchin also said Congress must extend the payroll support program, “so we can continue to support aviation industry workers as our economy reopens and we continue on the path to recovery.”

United Airlines pilots approve deal that delays furloughs

September 29, 2020

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David Koenig, Ap Airlines Writer

Updated

2:56 pm PDT, Monday, September 28, 2020

FILE – In this July 18, 2018, file photo a United Airlines commercial jet sits at a gate at Terminal C of Newark Liberty International Airport in Newark, N.J. United Airlines plans to furlough about 16,000 employees in October 2020 as air travel continues to be hammered by the pandemic. That’s fewer furloughs than United predicted in July, when it warned 36,000 employees that they could lose their jobs. less

FILE – In this July 18, 2018, file photo a United Airlines commercial jet sits at a gate at Terminal C of Newark Liberty International Airport in Newark, N.J. United Airlines plans to furlough about 16,000 … more

Photo: Julio Cortez, AP

FILE – In this July 18, 2018, file photo a United Airlines commercial jet sits at a gate at Terminal C of Newark Liberty International

United Air and Pilots Reach Accord to Cancel Furloughs

September 28, 2020

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United Airlines (UAL) – Get Report and its pilots reached an agreement that canceled 2,850 furloughs that had been scheduled for this week, the pilots’ union said Monday.

Shares of the Chicago airline at last check were up 5.5% to $36.07.

The Air Line Pilots Association said it voted to approve the Pandemic Recovery Letter of Agreement with United Airlines management. The accord prevents any United pilot from being furloughed at least until June.

The agreement keeps all 13,000 United pilots employed.

The deal also offers a second round of early-separation options for all pilots age 50+ with 10 years of experience. And it reduces or terminates the effect of temporary work reductions based on a recovery in passenger demand or other market factors, the union said.

The agreement was ratified by about 58% of the pilots who voted on it.

“Our members understood that in order to

United Airlines pilots avoid furloughs, others to lose jobs

September 28, 2020

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United Airlines will avoid furloughs for nearly 3,000 pilots, the airline said Monday.
The pilots’ union and the airline agreed to a work-sharing measure to keep more pilots on active duty even as demand remains low during the pandemic.
The airline still plans to furlough 12,000 other workers when CARES Act funding requirements expire on October 1, unless an extension is passed before then.
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Nearly 3,000 United pilots who were slated to be furloughed later this week will keep their jobs, thanks to a new deal between the airline and the pilots’ union. The mitigation agreement, announced by the Airline Pilots Association and United on Monday, also avoids the furloughs of another 1,050 pilots that were slated for next year.

However, United will still furlough roughly 12,000 workers on October 1, a senior executive said during a press briefing — unless Congress extends