American Airlines to seek $12bn US government aid

submitted by Nemacolin from bbc.com

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[–]Nemacolin[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Let them go bankrupt. Let them borrow at super-low rates.

Employees were told in an email this "would allow us to fly through even the worst of potential future scenarios".

It said it would mean "no involuntary furloughs or cuts in pay rates or benefits for the next six months".

Staff will also be offered "enhanced voluntary leave and early retirement options".

Last year the company made a $2.9bn profit and returned $1.3bn to shareholders via dividends and buybacks, according to Bloomberg.