Aviation
Jobs Are Being Wiped Out at Airlines, And There’s Worse to Come
(Bloomberg) — About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus, according to Bloomberg calculations.
The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash. Airlines the world over have drastically cut back on flights due to border restrictions and a lack of appetite for travel, particularly internationally, because people are worried about contracting the virus and spending lengthy periods in quarantine.
British Airways, Deutsche Lufthansa AG, Emirates Airline and Qantas Airways Ltd. are among the carriers announcing thousands of dismissals and unpaid leave programs. Many more are expected in the U.S. after a ban on job cuts — a condition of a $50 billion government bailout — is lifted at the end of September. Delta Air Lines Inc., United Airlines Holdings Inc. and American Airlines Group Inc. have already warned about 35,000 employees that their jobs are at risk. The trio’s combined personnel losses could top 100,000 by year-end.
The 400,000 job-loss figure is for airlines worldwide and covers pilots and cabin crew, who have found themselves on the front lines of the virus fight when they are at work. It includes planned cuts by U.S. carriers and was compiled from company statements, Bloomberg News stories and other media reports.
Job losses in related industries including aircraft manufacturers, engine makers, airports and travel agencies could reach 25 million, according to the International Air Transport Association. The hotels and lodging sector in the U.S. sees 7.5 jobs lost for everyone in aviation. Airbus SE and Boeing Co. are cutting more than 30,000 positions.
-
Real Estate2 months agoAl Mouj Muscat Unveils Azura Beach Residences Phase 2: A New Chapter in Waterfront Living
-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Economy1 month agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Events1 month agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
OER Magazines2 months agoOER, October 25
-
Arts and Culture2 months agoOminvest and Bait Al Zubair Launch “Future Frames” to Empower Youth through Art and AI
-
News2 months agoMs. Noor Saldin, Founder of Modern Generation International School, Wins Woman of the Year 2025; School Honored for Empowering Future Female Leaders
-
News1 month agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
