Lawmakers want airfreight handler to return $170 million in COVID-19 funds

Air cargo contractor Swissport USA, which has operations in 16 of the busiest U.S. airports, faces questions from lawmakers for accepting $170.4 million in federal relief funds after laying off thousands of workers.

In a July 29 letter to U.S. Treasury Secretary Steven Mnuchin, three committee leaders in the U.S. House of Representatives contended that the Payroll Support Program (PSP) was intended to save jobs affected by the coronavirus pandemic, “not provide a corporate bailout.”

Under the...

https://s29755.pcdn.co/news/lawmakers-want-airfreight-handler-to-return-170-million-in-covid-19-funds

American Airlines warns of 25,000 job cuts

A baggage worker transfers bags from a cart to a conveyor belt for loading onto a plane. Ground workers at American Airlines are among thousands of employees who could lose their jobs.

American Airlines (NASDAQ: AAL) on Wednesday informed 25,000 employees that their jobs could be eliminated after Oct. 1, when federal money covering wages for airline workers runs out.

Company executives say furloughs are necessary because the airline will have an oversupply of workers as it operates a significantly reduced schedule to match the downturn in travel caused by the coronavirus pandemic.

“We hate taking this step, as we know the impact it has on our hardworking team members. From the...

https://s29755.pcdn.co/news/american-airlines-warns-of-25000-job-cuts

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