Airlines for America (A4A), the industry trade organization for the U.S. airlines, today issued a letter from leading airline CEOs – both passenger and cargo – urging Congress to move swiftly to pass a bipartisan bill with worker payroll protections to protect and preserve the industry’s 750,000 direct employees.
“Unless worker payroll protection grants are passed immediately, many of us will be forced to take draconian measures such as furloughs,” states the letter. “The breadth and immediacy of the need to act cannot be overstated. It is urgent and unprecedented.”
The full letter is available here https://www.airlines.org/wp-content/uploads/2020/03/Hill-Letter.pdf
Airlines for America (A4A) advocates on behalf of the leading U.S. airlines, both passenger and cargo carriers. A4A works collaboratively with industry stakeholders, federal agencies, the Administration, Congress, labor and other groups to improve aviation for the traveling and shipping public.
For more information about the airline industry, visit our website airlines.org and our blog, A Better Flight Plan, at airlines.org/blog.
SOURCE Airlines for America
Explain to me why we should spent taxpayer money to bailout companies (airlines) who spent their cash buying their own stock so the CEO gets optionality, instead of having a crisis buffer.
We should bail out individuals based on needs, not corporations.#Moralhazard
— Nassim Nicholas Taleb (@nntaleb) March 22, 2020