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American Airlines cuts October flying capacity by 55%
Renewed coronavirus concerns hit airlines
FOX Business’ Jeff Flock reports on how airlines are faring during the coronavirus outbreak and how the industry responded to Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci saying he wouldn’t fly or eat at restaurants right now.
American Airlines is cutting its flying capacity by 55% in October from the prior year as the coronavirus pandemic continues to weaken travel demand.
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"We are responding to the continual decline in demand, and are evaluating our network to match that in the current environment," an airline spokesperson told FOX Business.
UNITED WARNS NEARLY 3,000 PILOTS COULD BE GROUNDED BY OCTOBER
The move comes on the heels of news that the airline will furlough or layoff approximately 19,000 employees in October following the expiration of federal aid allotted to the industry under the CARES Act. The furloughs will impact roughly 8,100 flight attendants and about 1,600 pilots if Congress is unable to reach an agreement on a new round of stimulus.