Amerijet International on Wednesday terminated more than a dozen employees because of sharply lower revenues associated with a prolonged slump in global air cargo demand that is beginning to materially hurt more freighter operators.
The move comes on the heels of the company’s pilots on Friday ratifying a new three-year contract that raises their pay up to 45%, increasing expenses for the Miami-based all-cargo carrier at a time of shrinking sales.
“Over the past several months, our company,...
https://www.freightwaves.com/news/amerijet-lays-off-workers-as-freight-recession-drags-on