American: Around 39K Workers Taking Early Retirement, Leave

(Fort Worth, TX) — Around 39,000 American Airlines employees are either retiring early, going on leave, or taking a pay cut.

The Fort Worth-based air carrier made the announcement today saying the moves are being done to reduce expenses due to coronavirus. CEO Doug Parker expects American to keep shrinking including a 70% cut in June flights.

The company has lost over $2 billion during the pandemic after making almost $1.6 billion last year. They’re still hoping to avoid any furloughs.