
American Airlines remains deep red
Oneworld member American Airlines is still deep in the red. In the third quarter of 2020, the company posted a loss of 2,4 billion US dollars. The same period last year reported a profit of 425 million US dollars. If the government does not release further aid funds, there is a risk of drastic job cuts. The management of American Airlines and the relevant unions are demanding that the Trump administration resume or extend the support program that expired at the end of September 2020. Otherwise, thousands of employees face dismissal. According to the company, 20.000 people are on voluntary unpaid leave or have resigned themselves. American Airlines sent another 19.000 employees on so-called forced leave on October 1, 2020. As part of the use of loans from the state fund, which was filled with 25 billion US dollars, dismissals were excluded until the end of September 2020. This protection for employees has now been removed. Further assistance is required, as otherwise the current staffing levels will no longer be maintained. According to a statement from American Airlines, the capacity currently offered is around 59 percent of last year's level.