For July, American Airlines Group (NASDAQ:AAL) says it plans to fly 55% of its domestic schedule from last year and nearly 20% of its international schedule.
Key words...”says it plans...”
Watch what will happen next month...
in the mean time...
American Airlines (AAL), said that 4,500 pilots and flight attendants had taken an offer as of a month ago.
American Airlines recently notified 17,000 managers and support staff of plans to cut 30% of the jobs in their areas by fall. They were offered a choice of packages that could pay six months at one-third of their normal pay, along with 250,000 frequent flyer miles plus five years of travel benefits, or only three months at one-third pay, but with 21 months of health benefits and 10 years of travel benefits.
That was the carrot. The stick: Those who were involuntarily laid off would not get severance. And they would stay on payroll only through Sept. 30, when prohibitions against involuntary layoffs in the federal airline bailout bill expire.