American Airlines Details Upcoming Service Cuts
By accepting federal aid under the Payroll Support Program portion of the CARES Act, U.S. airlines agreed to maintain payrolls and service to existing markets through at least Sept. 30. American Airlines Group (NASDAQ: AAL) has been among those that have been seeking voluntary employee buyouts and planning for potential layoffs come October.
American has now also detailed service reductions it will impose beginning Oct. 7. The airline announced today that it will suspend service to 15 small markets until at least Nov. 3, once the CARES Act commitment expires.
Source Fool.com
