American Airways to use for as much as $12 bln in gov’t support – memo

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American Airways to use for as much as $12 bln in gov’t support – memo

CHICAGO, March 30 (Reuters) - American Airways Holdings Inc AAL.O intends to use for as much as $12


CHICAGO, March 30 (Reuters)American Airways Holdings Inc AAL.O intends to use for as much as $12 billion authorities support, making certain no involuntary layoffs or pay cuts within the subsequent six months, executives stated in a memo to staff on Monday.

“We actually hope and anticipate that by that point, the virus will likely be contained, People will likely be flying once more and we will likely be again to flying a full schedule,” Chief Govt Doug Parker and President Robert Isom stated within the memo.

(Reporting by Tracy Rucinski; Enhancing by Sandra Maler)

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