Delta Delays Pilot Furloughs for One Month
Delta Air Lines (NYSE: DAL) will delay a decision on whether to furlough pilots until at least Nov. 1, allowing time for the industry and its workers to lobby for additional government assistance.
Airlines including Delta have been hit hard by the coronavirus pandemic, which has caused second-quarter revenue to fall 80% year over year. But the industry has been aided by $25 billion in payroll support secured in the CARES Act stimulus plan, in return for airlines doing no layoffs through Sept. 30.
Image source: Delta Air Lines.
Source Fool.com
