Delta Warns Pilots of Potential Layoffs as the Pandemic Continues

Delta Warns Pilots of Potential Layoffs as the Pandemic Continues

Earlier this year, the CARES Act helped avert a tidal wave of layoffs and furloughs in the U.S. airline industry. In return for a total of $25 billion in grants to major passenger airlines (roughly 30% of which must be paid back), airlines had to agree not to implement any involuntary layoffs or furloughs before Oct. 1. For Delta Air Lines (NYSE: DAL), that could entail furloughing more than 2,500 pilots.