Covid-19: American Airlines to seek $12bn US government aid

Sun Online Desk

31st March, 2020 12:18:14 printer

Covid-19: American Airlines to seek $12bn US government aid

 

American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact of coronavirus.

Employees were told in an email this "would allow us to fly through even the worst of potential future scenarios".

It said it would mean "no involuntary furloughs or cuts in pay rates or benefits for the next six months".

Staff will also be offered "enhanced voluntary leave and early retirement options".

Under the massive $2.2tn coronavirus relief bill passed by the US Congress last week, $50bn was set aside for airlines with half given as grants, reports BBC.

The other half will be offered as loans in exchange for not furloughing employees until at least 30 September.

 


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