American Airlines Will Be Cutting Thousands of Jobs, Report Says
After reporting a $2.2 billion loss in its first quarter due to the impacts of the COVID-19 pandemic, American Airlines Group (NASDAQ: AAL) announced that it would cut $12 billion in expenses as it was "rightsizing the airline and its cost structure." To that end, the company is cutting 30% of its management and administrative staff positions, according to a Wall Street Journal report.
Source Fool.com
