Seconds and Cents

Emergency! American Airlines Lays Off 19,000!


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All right, everyone, emergency Seconds and Cents. Today actually yesterday, American Airlines announced that they're going to layoff or furlough. 19,000 people come October. And this is something that

to be honest with you, I think the American people should be absolutely pissed about. So here's what happened a couple months ago. COVID hits, right? We passed cares act, Congress passes, the cares act like this 2.2 $2.3 trillion bill.

It has PPP in it. It has the

unemployment insurance, and it has 400 and $50 billion under Treasury Secretary minuchin in it. And part of that $450 billion is to bail out the airlines. I believe the airlines in total got something like 50 billion or $25 billion a major airlines like American, Southwest and united and delta. So that seems like

all well and good. I'm sitting there I'm thinking to myself what's probably good that we bail out the airlines because they're going to see kind of this like, unexpected and sort of, to be honest with you from their perspective, unwarranted loss in loss in revenue loss and customers.

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Seconds and CentsBy Evan Ryan