American Airlines Group Inc. Layoffs

Topics regarding layoffs at American Airlines Group Inc.

name changed to Americawest?

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

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Post ID: @OP+165f8vmE

With new cares loan

The borrowers will have to keep employment levels and restrict employee compensation, dividends and share repurchases to qualify for the CARES Act loans.

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Post ID: @OP+15MEAVxl

Some positive news

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

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Post ID: @OP+14GFvSMV

Why are people so scared?

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 

Temporary leaves of absence

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 

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Post ID: @OP+147hNrS5

Options

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 

Next Steps

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

More suspended flights

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 

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Post ID: @OP+13TuNMZp

So tired of this place

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 

Union

The iam union is a joke had 7.5 years with usairways and based out of Charlotte nc union said my was saved 5 years ago and then laid off as a ramp agent basket fairbanks represent pit crew and the drunks the leads do not count the agents do the... —  read more 

Layoffs announced!

Everybody and their mother knows by now that we are looking at some layoffs at American Airlines, but the good news is that it will mostly if not completely affect management. For once, it looks like we'll be really getting rid of the real dead... —  read more 

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