United Airlines plans to cut 16,000 jobs next month despite mega bailout

United Airlines said in an internal memo that it will cut over 16,000 jobs in October. The airline plans to furlough 16,370 workers, including nearly 3,000 pilots, almost 7,000 flight attendants and over 2,000 technicians.Q2 2020 hedge fund letters, conferences and moreOther staffing areas that will be impacted by the furloughs include catering, contact center workers, management and administrators and network operation center workers.United Airlines plans 16,000 job cutsThe CARES Act created a $25 billion bailout fund for airlines, and as part of that fund, airlines were not permitted to cut …

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HEDGE accordingly