One-Third of American Airlines Pilots and Flight Attendants Are Taking Leave or Early Retirement
American Airlines Group (NASDAQ: AAL) has cut about 80% of its flights and grounded planes in response to the COVID-19 pandemic-induced travel slowdown. While the company has not yet resorted to layoffs as it manages through the crisis, it will have a significantly smaller headcount in the months to come.
American has granted voluntary leave to 4,800 pilots for April or May, while another 715 will take an early retirement package including some pay and benefits, according to the Dallas Morning News. About 7,960 flight attendants are taking either leave or early retirements, with leave packages ranging from three to 12 months.
The airline had about 13,800 pilots and 25,300 flight attendants heading into the crisis.
Source Fool.com
