Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government aid to fight the impact of the coronavirus.
and others. "That includes requiring employers across aviation to maintain pay and benefits for every worker. No taxpayer money for CEO bonuses, stock buybacks or dividends. No breaking contracts through bankruptcy."The four biggest U.S. carriers — Delta, American, Southwest and United — have collectively spent about $39 billion over the last five years buying back shares, according to a tally from S&P Dow Jones Indices. Those carriers' shares are now trading at multiyear lows.
"In the future, there will be a time for a reckoning, blame, and restitution — I assure you of that. For now, we need management to focus on the enterprise, and we need to work together to survive," he said. "Lawmakers must ensure bailout and stimulus funds flow to working families, and collective bargaining rights need to be preserved and respected," he said. "Front-line workers, including those in the aviation sector, need to know they are supported by policies that will put their families first and position our country to flourish once this crisis passes."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Airlines will request $50 billion assistance packageThe novel coronavirus, or Covid-19, has killed more than 6,400 worldwide, according to an estimate from John Hopkins University. Follow live updates here.
Leer más »
U.S. airlines seek $50 billion government bailout after coronavirus outbreakA group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak
Leer más »
France Pledges $50 Billion in Aid for Businesses as Country Goes Under LockdownFrance is promising $50.16 billion in immediate aid for businesses and employees impacted by the coronavirus pandemic, which is slowing or shutting down swaths of the global economy.
Leer más »
Drew Brees Signs $50 Mil Deal With New Orleans, Saint For Life?The 2-year deal is expected to be Brees' final NFL contract.
Leer más »
All Everlane jeans are just $50 this week, and there has never been a better time to stock upThere has never been a better time to stock up on the brand's iconic fits.
Leer más »