https://www.usnews.com/news/business/articles/2020-03-20/united-airlines-warns-of-massive-layoffs-without-federal-aid
3 replies (most recent on top)
Glad I’m retired.There Goes those Leading industry Contracts ,y’all had to have ,with zero job security .But hey you guys love working for Continental Management Cause y’all thought they were soooo wonderful to work for.Good luck with those Pay Cuts ,and deep as hell Layoffs that are coming !
All sectors relating to discretionary (luxury, not necessity) travel will be hard hit. Airlines, hotels, c-sinos, rental cars, restaurants, destination entertainment, and all the business that support these sectors.
IMO, airlines will be particularly hard hit because people will be driving more to destinations due to lower gas prices. Companies will also reduce non-essential travel, i.e. air travel, and do more teleconferencing
This is going to get ugly