United airlines ceo says expect united to receive $5 bln from govt in payroll support program

Expect united to receive approximately $5 billion from federal government through payroll support program under cares act.there will be no involuntary furloughs or pay rate cuts for u.s. employees before september 30.this weekend, we'll load revamped schedule to reduce capacity to about 10% of what was planned for may at beginning of this year.expect to announce similar reductions to june schedule in next few weeks.have now redesigned network to be down 90% while complying with cares act.may and june schedule reductions will have direct consequences for our frontline employees in terms of total hours worked."all work groups can expect to see a continued emphasis on payroll cost cutting options over next few weeks".less than 200,000 people flew with co in first two weeks of april this year, versus more than 6 million during same time in 2019.expect to fly fewer people during entire month of may than we did on a single day in may 2019.expect demand to remain suppressed for remainder of 2020 and likely into next year.plan for airline, and overall workforce, to be smaller than it is now, starting as early as october 1.
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