The executives of American Airlines, United Airlines and JetBlue Airways and the major aviation federations held a press conference on Tuesday afternoon on Capitol Hill as part of a final step for a six-month extension of the $ 25 billion wage support program. rescue from Congress back in March.
American Airlines CEO Doug Parker stressed that a massive wave of furloughs across the industry will come in the next eight days without a new round of funding from the federal government.
“It would be a very, very horrible event, I think if it happens, given all the support,”
DELTA DELAYS DECISIONS TO FURLOUGH UP TO 2000 PILOTS TO NOV. 1, THE UNION SAYS
United CEO Scott Kirby noted that helping the aviation industry will not only benefit airline employees but the United States’ overall economic recovery from the coronavirus pandemic.
“The reality is that we need to do more to keep these professionals and their support for the economy intact because it’s not just about tens of thousands of people whose jobs are at risk. It’s important, but it’s also about indirect jobs. Which everyone supports,” he said. Kirby. “We are a critical gear for the economy. We are a multiplier effect and we will eventually defeat this virus. And when there is a vaccine and when the economy is ready to return to full normal, we need these flight professionals to be here to support the robust return for the entire economy. “
In addition, Jet Blue CEO Robin Hayes claimed that the American people have done their job to keep the industry afloat during the pandemic, and now it’s time for Congress to do its part.
“We have 23,000 JetBlue crew members who have done their job,” Hayes said. “We have all these amazing, significant workers, other airlines in the United States who have done their job. I say it again, thank you Congress. We need you to do your job and we need you to do it now.”
AMERICAN AIRCRAFT SHIPS ARE SPRINKED BY ABOUT 8,000 FLIGHT SERVANTS
The airlines still have access to loans from the government. In July, the Ministry of Finance signed letters of intent with ten major airlines for the loans available until 30 September.
American Airlines and United have so far said that both companies intend to take the loans. These loans will reportedly entail restrictions on the airlines’ repurchase of shares and compensation for management.
|AAL||AMERICAN AIRLINES GROUP INC.||12.34||+0.13||+ 1.06%|
|LUV||SOUTHWEST AIRLINES CO.||38.12||+0.60||+ 1.60%|
|UAL||UNITED AIRLINES HLDG.||34.07||+0.28||+ 0.83%|
|JBLU||JETBLUE AIRWAYS||11.80||+0.26||+ 2.25%|
|ALK||ALASKA AIR GROUP||37.88||+0.24||+ 0.64%|
|FROM||DELTA AIR LINES INC.||30.22||+0.40||+ 1.34%|
The call to act on Capitol Hill comes just a day after Senator Roger Wicker (R-Miss.) And Senator Susan Collins (R-Maine) proposed a bill to protect workers’ jobs until March 31 and ensure airline service continues to communities across the country.
“The CARES Act successfully saved thousands of jobs supporting the aviation industry and gave these companies some breathing space after the drastic decline in air travel caused by the COVID-19 pandemic,” Wicker said in a statement on the previous congressional bill. we had hoped, and further relief is needed. “
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Wicker chairs the Commerce Committee, which oversees aviation, and Collins heads the Transport Finance Subcommittee.
Airlines for America, a trade representing major US airlines, said passenger volumes continue to decline by about 70%, a third of the US fleet is idling and the industry continues to lose $ 5 billion in cash per month.
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