A United Airlines aircraft will take off over American Airlines aircraft on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020.
Mario Tama | Getty Images
House Speaker Nancy Pelosi On Friday, airlines were asked to withhold tens of thousands of job cuts that began this week. They promised additional help for the ailing sector and sent higher shares to major US airlines.
Pelosi’s comments come a day after the airlines took off Vacation more than 33,000 Employees after the terms of a $ 25 billion payroll support package passed in March expired. This aid, which should help airlines cope with a drop in bookings due to the coronavirus pandemic, banned the downsizing until October 1.
Airlines have been asking lawmakers and the White House for an additional $ 25 billion over the past few weeks to keep jobs through March after no significant recovery in travel over the summer. While the proposal for more federal aid was supported by both parties, talks on a national coronavirus aid package, which could include airline funding, failed this week and the airlines began their vacation days.
Pelosi said the aid could be part of a standalone bill just for airline support or a broader bill.
“As the facilities for the airline’s employees move forward, the aviation industry must delay these devastating job cuts,” Pelosi said in a statement.
Shares of American Airlines, which began on Thursday with 19,000 workers on leave, more than any other US airline, rose more than 3% shortly after Pelosi’s testimony. United Airlines Stocks rose more than 2%. The Chicago-based airline announced more than 13,000 vacation days this week.
The two airlines account for the vast majority of the scheduled vacation days, telling staff that if Congress approves the additional $ 25 billion in salary support, they would reverse course.
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