Delta Air Lines (NYSE: DAL) reportedly will need to furlough up to 1,941 pilots in October unless the government provides a second round of payroll assistance or another option can be found, highlighting the continued issues facing the airlines even as traffic slowly returns.
Airlines have been hit hard by the COVID-19 pandemic, but the industry to date has avoided involuntary layoffs thanks to a provision in the CARES Act stimulus legislation. The government provided up to $25 billion to airlines to help them make payroll, but in return the industry was required to avoid furloughs through Sept. 30.
Image source: Delta Air Lines.