Covid-19 fallout: American Airlines looking for $12 bn bailout

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Covid-19 fallout: American Airlines looking for $12 bn bailout

Mar 31, 2020 10:15 IST

American Airlines, the world's biggest carrier in terms of passengers, is seeking $12bn as a bailout from the US government to help it through the Covid-19 crisis. The funds were allocated to the airline in the $2.2tn economic stimulus package approved by the US government last week. American Airlines hopes the financial support means pay cuts and involuntary furloughs can be avoided. The carrier says there will be reduced flight schedules over the next few months and the company will therefore offer enhanced voluntary leave and early retirement options to its staff.

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