AAL: Mass layoffs and smaller airlines loom after COVID-19, even with more aid

 Here is the link. 

I spent eight minutes on video, so I can learn better about situation. I like to continue to purchase AAL stock in short term. 

At stake are scores of jobs linked to an airline industry that’s been decimated by the crisis. American Airlines (AAL) plans to lay off roughly 20,000 employees while United Airlines (UAL) is furloughing about 16,000.

Southwest (LUV) and Delta (DAL) have stated they will be able to avoid most layoffs through the end of the year, but may have to furlough employees in 2021. And CEOs from all four of the carriers have called on Congress for additional aid.

Delta Air Lines says roughly 40,000 employees have taken leaves of absence of various lengths. Delta had 90,000 employees before the pandemic, but with buyouts and retirements has reduced that number to 75,000.

In a regulatory filing last month, American said that with layoffs, retirements and voluntary leaves of absence, the company “will have at least 40,000 fewer people working October 1 than we had when we entered this pandemic.”

In its most recent earnings report, United Airlines said 6000 employees took a comprehensive voluntary separation package which included flight benefits and continuous pay through Nov. 30.