A flood of job losses looms as airline industry struggles in pandemic
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia.
Michael A. McCoy | Getty Images
Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come in the months ahead.
U.S. airlines have warned more than 75,000 employees that their jobs are at risk on Oct. 1 when the terms expire on a $25 billion federal aid package that protects passenger carrier workers’ paychecks, about a month before Election Day on Nov. 3. Despite the recent job gains in the U.S., the Department of Labor earlier this month said 16.3 million Americans are out of work.