During a central social and economic committee on July 3, Air France announced a dramatic workforce restructuring plan. The company will cut 7,850 jobs including 6,560 at Air France and 1,020 at the short-haul subsidiary HOP!, equating to more than 16% of the company’s workforce. With workforce reductions, the airline…
JetBlue’s Air Line Pilots Association Master Executive Council (MEC), a union that represents JetBlue’s pilots, has voted to approve a Letter of Agreement (LOA) with JetBlue that prevents JetBlue pilots from involuntary furloughs until May 1, 2021, per an internal email obtained by AirlineGeeks. The protections will prevent furloughs under…
Lufthansa plans to cut thousands of jobs in response to the financial turmoil caused by the coronavirus pandemic. Despite the airline agreeing on a €9 billion ($9.8 billion) bailout package with the government, 22,000 jobs are at stake as the company announced on Wednesday after a bargaining summit with the…
Airlines will lose $84 billion in 2020, the biggest loss of cash ever according to the forecast of International Air Transport Association (IATA) which was announced on Tuesday. The losses are expected to total approximately $16 billion in 2021 as the aviation industry recovers from the impacts of the coronavirus…
Once again, airlines across the globe are facing stiff headwinds, this time due to the current COVID-19 pandemic. Travel bans and general health fears have driven customers away forcing airlines to reinvent themselves to keep the lights on. Government stimulus monies often come with restrictions and limitations and do not…
Not long after reports alleging that Emirates considered massive layoffs, the world's biggest long-haul airline announced that they had to begin axing up jobs due to pandemic-related financial impacts. The company was said to be considering a plan to cut around 30,000 jobs — reducing the number of employees by…
The Boeing Company announced it will resume limited production of its 737 MAX aircraft in Renton, Wash. while also advising it will need to involuntarily lay off 6,770 employees to offset the economic impact of the coronavirus on the worldwide airline industry. David Calhoun, Boeing’s Chief Executive Officer (CEO), stated…
In a trading statement on capacity, fleet & cost structure plans released on Thursday, European low-cost airline easyJet announced that it will look to reduce at least 30 percent of its 15,000 employees in an attempt to battle the financial challenges caused by coronavirus pandemic. The boss of easyJet, CEO Johan…
Amidst COVID-19 and its effects on many industries in the economy during this time period, around the world, the aviation industry has been one of the top sectors that are deeply affected by the global pandemic. Many major U.S. airlines are attempting to rebound, through modified cleaning procedures, more flexible…
