U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree
Publishing timestamp: 2024-09-06 13:38:58
Summary
U.S. airlines have stopped adding new jobs after a massive hiring spree during the pandemic. Carriers are facing challenges such as delivery delays from Boeing and Airbus, engine issues, and tempered growth plans. Labor costs have also increased significantly, leading to some airlines cutting costs by deferring airplane deliveries, offering voluntary leaves of absence, and halting hiring classes. Despite lower hiring targets, the demand for travel remains strong.
Sentiment: NEUTRAL
Tickers: DAL, AAL, ULCC, A, BA, FDX, LUV, JBLU, AIR-FR, SAVE, UPS, UAL,
Keywords: southwest airlines co, breaking news: economy, spirit airlines inc, american airlines group inc, labor economy, airlines, fedex corp, raytheon technologies corp, frontier group holdings inc, delta air lines inc, transportation, breaking news: business, aerospace and defense industry, business news, united states, business, united airlines holdings inc, jetblue airways corp, united parcel service inc, personnel, life, economy, boeing co, travel,
Source: https://www.cnbc.com/2024/09/06/us-airlines-cool-hiring-after-adding-employees-post-pandemic.html