MOSCOW, July 16 -- American Airlines has warned about 25,000 its frontline employees about possible job cuts this fall due to a slowdown in air travel demand amid the COVID-19 pandemic, reported Sputnik news agency, quoting a CNBC report citing the company's note to the staff.
According to the media, the 25,000 employees account for roughly 29 per cent of its US mainline workforce.
The company urged the staff to take new extended leaves of up to two years or early retirement packages to get as many people off the payroll as possible before actual job cuts.
"And with infection rates increasing and several states reestablishing quarantine restrictions, demand for air travel is slowing again," CEO Doug Parker and President Robert Isom said in the letter to staff, as quoted by CNBC.
American Airlines' revenue decreased by 80 per cent year-on-year in June, the media stated.
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