US airlines strap in for bailout suspense a day before furloughs
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
THURSDAY, MAY 19, 2022
THURSDAY, MAY 19, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
US airlines strap in for bailout suspense a day before furloughs

Global Economy

Reuters
30 September, 2020, 02:50 pm
Last modified: 30 September, 2020, 02:57 pm

Related News

  • No shoving or biting! Unruly US airline passengers hit with big fines
  • Omicron turbulence looms over US airline earnings
  • United, Delta cancel more than 200 US Christmas Eve flights amid Covid surge
  • One million Britons could be on furlough when scheme ends, data suggests
  • Major US airlines commit to carbon neutrality by 2050, trade body says

US airlines strap in for bailout suspense a day before furloughs

US airline officials said earlier this week there were no plans in place to halt the furloughs without aid by Oct. 1

Reuters
30 September, 2020, 02:50 pm
Last modified: 30 September, 2020, 02:57 pm
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (Covid-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. Photo: Reuters
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (Covid-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. Photo: Reuters

A day before mass furloughs, US airline workers said they were gearing up for a full-court press to persuade Congress to pass a fresh $25 billion bailout that would protect jobs for another six months.

With an airline payroll support package expiring at midnight, the clock is ticking.

"It's pedal to the metal until 11:59:59 on Sept. 30, and then some," said Amanda Steinbrunn, a United Airlines UAL.O flight attendant who is among tens of thousands of airline workers to be furloughed beginning Thursday, if there's no action by Congress.

US House Speaker Nancy Pelosi has said she hopes to have a coronavirus aid deal with the White House this week, but the prospects of a comprehensive bill passing before Thursday were dim, industry officials said, and a quicker standalone bill for airlines would face the challenge of unanimous support.

Weeks of intense airline lobbying has won over many but not all Washington lawmakers, while also drawing attention to the plight of other pandemic-hit industries as the crisis persists.

US airline officials said earlier this week there were no plans in place to halt the furloughs without aid by Oct. 1, and it was unclear what would happen if a deal passes afterwards.

Thousands of employees have already been instructed to return their badges.

Airlines, which were also awarded a separate $25 billion in federal loans under a first coronavirus relief bill in March and have also tapped capital markets to shore up liquidity, are operating about half their 2019 flying schedules and suffering a 68% decline in passenger volumes.

The industry has argued it needs trained employees to help drive an economic recovery once the crisis subsides.

Allie Malis, a flight attendant on American Airlines' AAL.O furlough list, said she would keep pressing lawmakers on Wednesday.

"I've poured every ounce of my energy into passing this extension," she said.

"I don't have a Plan B."

World+Biz / Aviation

US airlines / furlough

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Falling trade barriers and hyper-efficient logistics produced an age of abundance for many. But the last four years have brought an escalating series of disruptions.Source: Bloomberg
    Age of scarcity begins with $1.6 trillion hit to world economy
  • Turkey's President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance's headquarters in Brussels, Belgium on 14 June  2021. Photo: Reuters
    Turkey has told allies it's a 'no' to Sweden and Finland's NATO bid - Erdogan
  • Photo: Courtesy
    Cabinet asks BB, finance, commerce ministries to report on prices of essentials

MOST VIEWED

  • A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, US, January 24, 2020. Photo: Reuters
    World shares sink after inflation driven retreat on Wall St
  • Falling trade barriers and hyper-efficient logistics produced an age of abundance for many. But the last four years have brought an escalating series of disruptions.Source: Bloomberg
    Age of scarcity begins with $1.6 trillion hit to world economy
  • A man counts Pakistani banknotes along a roadside in Islamabad, Pakistan, November 16, 2017. REUTERS/Faisal Mahmood
    Pakistani rupee storms past 200-mark against US dollar in interbank
  • Russian Rouble coins are seen in front of displayed U.S. Dollar banknote in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
    Washington holds key to Russia's sovereign default
  • FILE PHOTO: Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow, Russia October 3, 2019. REUTERS/Evgenia Novozhenina
    Russia to send oil rejected by Europe to Asia, other regions, says Novak
  • FILE PHOTO - Workers load palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan
    Indonesia to lift palm oil export ban from Monday

Related News

  • No shoving or biting! Unruly US airline passengers hit with big fines
  • Omicron turbulence looms over US airline earnings
  • United, Delta cancel more than 200 US Christmas Eve flights amid Covid surge
  • One million Britons could be on furlough when scheme ends, data suggests
  • Major US airlines commit to carbon neutrality by 2050, trade body says

Features

Sketch: TBS

'Food inflation is an unavoidable consequence of currency devaluation'

10h | Interviews
The open-browser-tabs question also tells an interviewer how much of an internet native the job applicant might be. Photo: Noor-a-Alam

The best question to ask a job applicant

10h | Pursuit
Illustration: TBS

Ugly business: Politics in workplace

9h | Pursuit
Illustration: TBS

‘Do you have insurance?’: Life of a life insurance agent

12h | Panorama

More Videos from TBS

How a university teacher and PHD holder become farmer

How a university teacher and PHD holder become farmer

3h | Videos
Dhaka University's Botanical garden home to some of world's rarest plants

Dhaka University's Botanical garden home to some of world's rarest plants

3h | Videos
Cannes Film Festival 2022 resumes after 2 years

Cannes Film Festival 2022 resumes after 2 years

1d | Videos
Pension is coming for all

Pension is coming for all

1d | Videos

Most Read

1
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

2
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

3
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

4
How Bangladesh can achieve edible oil self-sufficiency with local alternatives
Bazaar

How Bangladesh can achieve edible oil self-sufficiency with local alternatives

5
Govt tightens belt to relieve reserve
Economy

Govt tightens belt to relieve reserve

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab