American Airlines to floor half its fleet
American Airlines is grounding almost half of its fleet and canceling 55,000 flights subsequent month, in keeping with an inside message despatched to staff obtained by CNN.
The airline additionally expects “demand to fall much more earlier than it will get higher,” the message said.
The hanging numbers in an inside electronic mail from American Airlines President Robert Isom embody a discount of worldwide flights by 75% and home flights by 30% in April, “with plans to reduce it even further in May.”
The message mentioned American would park 130 huge physique and 320 slim physique planes. The airline has instructed regulators that its core fleet consists of 942 plane.
The airline, which is the world’s largest, additionally mentioned it’s persevering with efforts to cut back the variety of staff it pays, by increasing voluntary go away applications and “offering an early out” to staff with no less than 15 years of service.
“With minimal operations, we need a smaller staff,” Isom wrote.
The observe didn’t disclose any furloughs or layoffs, and the airline has declined to touch upon whether or not it’s contemplating such cuts.