American Airlines told employees today that revenue was down 80% in June and they believe that’s “better than others in the industry.” And they shared that “demand for air travel is slowing again.” As a result they have to be prepared to slim down staff once government payroll subsidies run out October 1.
They believe they will have 20,000 too many employees at that point, but they’re sending out 24,248 notices of potential job loss. Here how the notices break down by work group, and what (more senior and expensive) employees are being offered as an alternative to leave voluntarily.