February 12, 2024 9:43 am ET
September 22, 2020 5:00 am ET -
Due to Weak Recovery, Lufthansa Further Reduces Fleet and Staff
The summer has passed and the prospects for the aviation industry's recovery are once again exhausted. The high season ends and, except for some signs of recovery in demand that was seen in July and August, the market again shows…
August 27, 2020 7:01 am ET -
American Airlines Cuts 19,000 Jobs
American Airlines announced Tuesday morning that it will cut 19,000 jobs on Oct. 1 when federal subsidies from the CARES Act run out. Per the money it received, the airline was not allowed to involuntarily cut any staff through Sept.…
August 23, 2020 6:00 am ET -
EasyJet to Offer Pilots Alternative to Layoffs
In a move that may become increasingly common among airlines seeking to avoid layoffs, EasyJet will be offering pilots an alternative to being made redundant. The plan will offer pilots seasonal contracts, working for parts of the year and taking…
August 3, 2020 11:54 am ET -
U.S. Airline Furloughs: Where We Stand
When SARS-CoV-2, the novel Coronavirus strain that causes COVID-19, first reached the U.S., nobody really knew how the disease, which at the time had not yet been granted pandemic status by the World Health Organization, would impact life in this…
July 29, 2020 12:47 pm ET -
Turkish Airlines Announces Deep Pay Cuts to Avoid Forced Layoffs
Turkish Airlines announced that it will implement pay cuts to protect employment and reduce its cash outflow in the midst of the coronavirus pandemic. The news comes after the airline announced that the Labor Union did not respond to the…