American Airlines to apply for up to $12B in government aid

CHICAGO (Reuters) - American Airlines Holdings Inc (AAL.O) intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.

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“We certainly hope and expect that by that time, the virus will be contained, Americans will be flying again and we will be back to flying a full schedule,” Chief Executive Doug Parker and President Robert Isom said in the memo.

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