I just read American Airlines has secured a $1B credit line to deal with the current COVID-19 outbreak. Does this mean we can breathe a little easier in regards to layoffs?
https://www.reuters.com/article/us-health-coronavirus-american-airline-c/american-airlines-secures-1-billion-credit-line-to-deal-with-coronavirus-crisis-idUSKBN21622P
This is my fear too... As noted by "nofiltr" @exe below
everyday people will NOT have the financial resources to travel by air for a long time,
American will continue to treat employees like dirt they will never learn now they got bailout they will hire five hundred more managers that will not know anything about the operation great job Parker LoL
Yes it’s a good thing
No, absolutely not. Due to the unprecedented mass shutdown of so many businesses, both businesses and millions of everyday people will NOT have the financial resources to travel by air for a long time, even if everything got back to "normal" by April. Air travel truly is a 'luxury' and NOT a necessity for 90% of the world. Businesses (including government) can get work done effectively by teleconferencing or video conferencing, via email or text, via driving vice flying, etc.
Paying for air travel is truly DISCRETIONARY spending for most, i.e. it's NOT an absolute necessity.
BOTTOM LINE: Air travel and aviation related industries will be impacted for a LONG time, and layoffs are a virtual certainty