The U.S. airline industry cut 29,000 of its workers in October as the coronavirus continued to devastate the travel sector, according to the Department of Transportation.
The industry employed 673,278 people by mid-October after many were laid off when government restrictions on doing so expired, Reuters reported Thursday.
The industry employed more than 750,000 people in March. The department added that since then, United Airlines and American Airlines both cut their workforces by 32%, affecting just fewer than 60,000 people. The companies announced in October that they would be furloughing over 30,000 people.
Delta CEO Ed Bastian said in an employee memo that in the fourth quarter, the company expects to lose $12 million to $14 million daily, according to CNBC.
Demand for travel is still down by more than 60%, Reuters reported. In recent days and weeks, many localities have warned their residents to avoid visiting family for the holidays to reduce the spread of COVID-19.
Tags: News, airlines, American Airlines, Coronavirus, Jobs
Original Author: Haley Victory Smith
Original Location: US airline industry hit by COVID-19 cut 29,000 jobs in October: Transportation Department