U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority. This could create a competitive boost for budget carriers including Southwest Airlines, whose lower cost structure could help it win market share with cheaper fares, experts said. With no quick recovery in sight, United Airlines said Wednesday it was sending 36,000 furlough warnings to union workers, nearly half its staff, after having received only 3,700 volunteers for early exit deals. …read more
Source:: Yahoo Finance
