American Airlines warns 25,000 employees of potential job cuts amid pandemic

American Airlines warned employees on Wednesday that it could slash up to 25,000 jobs in the fall as the airline industry continues its financial tailspin amid the coronavirus pandemic.


Under the CARES Act, U.S. airline companies received significant financial aid so that they could meet their payroll obligations through the summer. As a result, airlines are prohibited from firing or laying off any of their employees through the end of September. However, in its memo to...