Furloughs

Airlines would get $15 billion in additional payroll support under the bipartisan $900 billion coronavirus aid package.

Southwest Airlines LUV.N said on Friday it has sent notices of potential furloughs to 42 parts inventory workers after talks with one union group stalled over pay cuts the airline argues it needs from all employees to offset $1 billion in overstaffing costs.

Clarence Cox took over a 35-year-old motorcoach business from his father and uncle and had hopes of one day giving it to his daughters. But with a $5 million fleet parked for months during a pandemic, and no federal aid, his goal now is just to make it to the end of 2020.

Secret on Monday kicked off its #RaiseItUp initiative, an effort aimed at supporting women's equality programs in partnership with YMCA USA, per a press release.

Pelosi said the additional aid could be a standalone bill or part of a broader coronavirus package.

American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington.

United Airlines’ pilots agreed to reduce their hours to avoid furloughs of close to 3,000 pilots.

American Airlines AAL.O Chief Executive Doug Parker and seven major airline unions on Wednesday made a new push to win additional government assistance to keep nearly 20,000 workers on the payroll past Oct. 1.

CEOs of the Fortune 500, surveyed in the last two weeks of April, believe it will be years before the effects of COVID-19 are purged from the U.S. economy.

With no air travel rebound or new federal help in sight, United Airlines says it will furlough about 20% of its frontline employees in less than a month's time.