Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government aid to fight the impact of the coronavirus.
and others. "That includes requiring employers across aviation to maintain pay and benefits for every worker. No taxpayer money for CEO bonuses, stock buybacks or dividends. No breaking contracts through bankruptcy."The four biggest U.S. carriers — Delta, American, Southwest and United — have collectively spent about $39 billion over the last five years buying back shares, according to a tally from S&P Dow Jones Indices. Those carriers' shares are now trading at multiyear lows.
"In the future, there will be a time for a reckoning, blame, and restitution — I assure you of that. For now, we need management to focus on the enterprise, and we need to work together to survive," he said. "Lawmakers must ensure bailout and stimulus funds flow to working families, and collective bargaining rights need to be preserved and respected," he said. "Front-line workers, including those in the aviation sector, need to know they are supported by policies that will put their families first and position our country to flourish once this crisis passes."
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