Jobs Are Being Wiped Out at Airlines, And There’s Worse to Come
- Carriers globally have slashed jobs or are planning cuts
- Biggest losses spread between North America, Europe and Asia
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About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus, according to Bloomberg calculations.
The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash. Airlines the world over have drastically cut back on flights due to border restrictions and a lack of appetite for travel, particularly internationally, because people are worried about contracting the virus and spending lengthy periods in quarantine.