It makes a lot of sense for the CEO to say that we need business to reopen in order to bounce back. However, I wonder if the company can count on that given that the pandemic has changed business models which are now based on digital... — read more
Topics regarding layoffs at American Airlines Group Inc.
While in some cases major airlines have been able to defer layoffs and other staffing reductions with the help of government financial... — read more
American airline is doing Furlough for approximately 30% of work force. Wondering why 30% of executives are not bearing the brunt too?
Better to get it over with and move on. The truth hurts but it also frees, so here it is. YOU AREN'T GETTING RECALLED. Not soon, not late, not ever. The world has changed, and some industries(yours)especially will never be the same again... — read more
No stimulus, no bailout, nothing until at least "After the Election" You can pin your hopes on neverending broken promises if you like, sitting glued to the news like a helpless beggar but it won't save you. "Positive Thinking" won't pay your... — read more
Forbes suggests that a recipe for faster recovery and adjustment to a “new normalcy” is to look at the simplicity of smaller companies in every sense. I’m not really sure that’s doable in case of American Airlines. In case someone is interested... — read more
There's a well known term used by professional investors called 'Recency Bias.' Recency Bias refers to the erroneous assumption by unsophisticated investors that what happened yesterday(Recently)will happen tomorrow. Most days, this... — read more
Philadelphia International Airport’s largest airline carrier will layoff 1,900 employees this week due to the economic impact of COVID-19 pandemic unless Congress fast-tracks a second bailout for the... — read more
I've started looking for a new job about a month ago and I finally managed to get something I'm happy enough with to leave this place. No, it's not in another airline (the situation is bad all around) and it's not even in this industry but it's a... — read more
Get a loan or Bankrupt Remember? Record executive Compensations Stock Buybacks Luggage surcharge Fuel surcharge What about a loan? Oh thats right they want free money,? Nothing is free... socialized debt in which you and me are... — read more
Don't be naive and think that things will go back to normal any time soon. We are at least five years away from things going back to pre-pandemic levels, if even then! Things have changed too much. It will take a long time for people to fully relax... — read more
Can't tell which is worse, the notice I received after 4 years in company or the heartless comments of people who are OK with 19k more people being unemployed. It is understood that small businesses are struggling as well but the lack of compassion... — read more
Its happening now, Congress and the Taxpayer have decided not to throw another $25,000,000,000.00 ( did I get enough zeros) to American Airlines to survive another 4-6 months. Mr. D. P. is going to have to live with the mess that he created after... — read more
2Q earnings (loss) announced this morning.. link to webcast is below. Listen in at the 3 minute mark.. sounds like Dougie Debt refers to AA as Americawest. I know its tough times but wow.. https://edge.media-server.com/mmc/p/p3r7yfzr
Top US airlines plan to cut thousands of workers when CARES Act ban on layoffs expires "American Airlines, which took about $4.1 billion in grants and nearly $6 billion in loans from the government, warned staff in a memo that about 25,000... — read more
Are there any IT FTE's getting layoff in American Airlines ??
well, nobody is writting about layoffs that took place yesterday. people still live in hope that layoffs will be avoided. in fact, they are laready happening - ask around and dont' be sheep.
The borrowers will have to keep employment levels and restrict employee compensation, dividends and share repurchases to qualify for the CARES Act loans.
I guarantee you, the moment bailout stipulations expire we'll be seeing much bigger layoffs than it was announced. And many more departments will be affected, not just management and support services. Even if the pandemic is subsiding, it will... — read more
Who is affected and where do you see us in 6 mo from now? How about 1 year?
"The layoffs are inevitable, I have relatively low seniority," he said. "It's a huge gamble between separating with some continued pay or really solid travel benefits, or getting laid off with no severance." Among the people I know, a lot have... — read more
Thoughts? Would you/are you taking the offer? 1/3 pay through the year is a pretty good deal all considered if you find another job during the year. I bet M&A staff can find other roles with transferable skills.
Laid-Off Flight Attendants Find New Work Fighting COVID-19 https://www.npr.org/sections/coronavirus-live-updates/2020/04/03/827011245/laid-off-flight-attendants-find-new-work-fighting-covid-19
Planes are essential to human existence. No matter how scared or how broke people are, they will find a way to fly when they have to - and that is often. Yes, right now the situation doesn't look that good, but anybody who has been through a... — read more
I was working as contractor in IT department and they ended my assignment. Based on my vendor information they laid off 50% of contractor to stop losses. Hopefully the worst is over for AA
Soruce below. This may be helpful for hourly employees ata tare being put on ZERO HOUR SCHEDULES: Restaurants, hotels, and other companies across the US are laying off workers or severely cutting hours as the coronavirus pandemic cripples... — read more
Every other airline from what I can see has allowed its HQ employees to work from home - what the hell is wrong with American Airlines to keep denying us? They will suspend service in plains to protects flight attendants but who cares about us... — read more
If the government loans are approved no furloughs through August 2020 are a provision. AA is currently offering temporary leaves of absence for 1, 3, 6 and 12 months at a reduced pay rate with continued insurance coverage to reduce current... — read more
I didn't anticipate a 47% drop as posted in Bloomberg channel's report of the NYSE, and will not be indicative of quarterly earnings because AA just notified the press that their pilots age 62+ will be given 3 years Service credit to allow them to be... — read more
I just read American Airlines has secured a $1B credit line to deal with the current COVID-19 outbreak. Does this mean we can breathe a little easier in regards to... — read more
Cutting international capacity by 10% Cutting domestic @ 7.5% sometimes in April Cutting payroll, hopefully only temp My Take: They should go deeper on both dom and intl
The suspension of China and Hong Kong flights has been extended through April 24. I think more countries will be added to this list as the virus spreads. Even the most optimistic among us should know by now that it's only a matter of time before we... — read more
Anticipating a 20% or more loss of revenue/profit caused by Coronavirus closing routes and Boeing aircraft grounded, not receiving FAA AIRWORTHINESS certification anytime soon, cost savings from voluntary buyouts for flight attendants with 15 years... — read more
Where is this taking us? How will be the rest of the year.
When did American Airlines become a place where the only way to be promoted is to know somebody or be related to the right person? Oh, right, there is also the kiss-a– option. What happened to being promoted based on merit? On what you know and how... — read more
Layoffs - that's it.
Not just from the HQ but all locations? And are we finally done?