President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) into law on March 27, 2020, providing $10 billion in economic relief to U.S. airlines as a response to the COVID-19 pandemic, with the total amount of bailout funds for airlines reaching $58 billion.
Under the CARES Act, airlines that received relief funds cannot cut jobs until after September 2020. With travel and health restrictions still in place and many uncomfortable with regular travel even as guidelines begin to loosen, the economic outlook for U.S. airlines and its employees is looking rather grim.
"In the past few weeks, thousands of pilots and crew members have received furlough notices, and absent congressional action, it is likely that there will be more to come," said Captain Joe DePete, president of the Air Line Pilots Association. "Clearly more needs to be done," he added, regarding the CARES Act and support of airline workers.
United Airlines
United Airlines Holdings Inc.
If every other U.S. airlines begins furloughing at the same rate as United, the overall impact to unemployment based on airlines could entail upwards of 240,000 jobs lost nationwide.
American Airlines
American Airlines Group Inc.
Delta Air Lines
Conditions may not end up as bleak at Delta Air Lines Inc.
Southwest Airlines
Similar to Delta, nearly 17,000 employees of Southwest Airlines Co.
- https://news.yahoo.com/united-sending-layoff-notices-nearly-160905548.html
- https://www.faa.gov/airports/cares_act
- https://www.usatoday.com/story/travel/airline-news/2020/07/15/american-airlines-25-000-job-cuts-coronavirus-travel-crisis/5442084002/
- https://www.forbes.com/sites/mattperez/2020/07/20/as-airline-layoffs-loom-28-of-southwest-workers-opt-for-buyouts-extended-leave-15-of-delta-pilots-offer-to-retire/#6948328043ac
- https://www.npr.org/sections/coronavirus-live-updates/2020/07/08/889112759/united-airlines-tells-36-000-employees-they-might-lose-their-jobs
- https://thehill.com/business-a-lobbying/business-a-lobbying/507634-delta-ceo-airline-has-real-shot-of-avoiding-layoffs