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American Airlines To Cut 19,000 Jobs In October Without Aid

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Richard Grenell: Serbia-Kosovo Agreement Results From Trump’s Different Brand Of Diplomacy

President Aleksandar Vučić of Serbia and Prime...

Biden Accepts Democratic Party Nomination

Former U.S. Vice President Joe Biden has...

Donald Trump’s Acceptance Speech

The final day of the Republican National...

Montenegro

Montenegro Election: First Projections Point To A Tight Race

In Montenegro, the ruling DPS was nearly...

News

Agreement On Normalisation Of Economic Relations Between Belgrade And Pristina Signed

President of Serbia Aleksandar Vucic and Prime Minister of the Provisional Institutions of Kosovo Avdullah Hoti signed an Agreement...

Montenegro Election: First Projections Point To A Tight Race

In Montenegro, the ruling DPS was nearly neck-and-neck with its main rivals, according to early and incomplete projections of...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting...

UNDP And Embassy Of Slovakia Present Feasibility Study On Use Of Thermosolar Energy

The Mayor of Belgrade, Zoran Radojičić, met with the Ambassador of Slovakia to Serbia, H.E. Fedor Rosocha and Resident...

The EU Does Not Recognize Belarus Election Results

Members of the European Council held a video conference, at which they discussed the situation after the presidential elections...

American Airlines announced its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh heavy on air travel, unless the government extends aid for airline employee payrolls. Airlines received $25 billion in U.S. government stimulus funds in March meant to cover payrolls and protect jobs through September.

As the money runs out without a travel recovery in sight, airlines and unions have lobbied Washington for another $25 billion, but talks have stalled as Congress has struggled to reach agreement on a broader coronavirus assistance package. Shares in American, which had 140,000 employees before the pandemic, fell 2.7%. In a memo to employees, Chief Executive Doug Parker and President Robert Isom said the first relief bill had assumed the virus would be under control and demand recovered by 30 September.

Related Articles

Richard Grenell: Serbia-Kosovo Agreement Results From Trump’s Different Brand Of Diplomacy

President Aleksandar Vučić of Serbia and Prime Minister Avdullah Hoti of Kosovo took an enormous step toward a long-term resolution of their historic conflict...

Biden Accepts Democratic Party Nomination

Former U.S. Vice President Joe Biden has formally accepted the Democratic Party’s presidential nomination to take on incumbent President Donald Trump on 3rd November....

Donald Trump’s Acceptance Speech

The final day of the Republican National Convention took place on 27th August, culminating in President Donald Trump’s speech accepting the Republican nomination for...

USA

Mark Zuckerberg’s Personal Wealth Hits $100 Billion After Instagram Reels Launch

Facebook founder Mark Zuckerberg announced on 5th August the rollout of new Instagram Reels across the U.S., which has boosted Zuckerberg’s wealth to $100...

Trump Suggests Delay To 2020 US Presidential Election

Donald Trump has suggested November’s presidential election be postponed, saying increased postal voting could lead to fraud and inaccurate results. He floated a delay...

H.E. Anthony Godfrey, U.S. Ambassador to Serbia

Why Not?

From my perspective, it’s entirely realistic to think that building stronger economic cooperation between Serbia and Kosovo is an achievable goal that will quickly...

Art

150 Years Of The Metropolitan Museum Of Art

It’s time to celebrate 150 years of the Met! The Metropolitan Museum of Art in New York City is America’s largest and most important...

US Officially Enters A Recession Caused By COVID-19

The National Bureau of Economic Research said Monday the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months,...