U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in an effort to cut costs as the rapid spread of the coronavirus keeps people from flying. Moves by American Airline Group Inc and Delta Air Lines Inc , first reported by Reuters, were a further sign that airlines do not expect a quick rebound to depressed travel demand and must save costs. “Based on the decline in air travel, we need to quickly line up our staffing levels with the reduced flying …read more
Source:: Yahoo Finance
