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US aviation sector witnesses most job cuts amidst travel lockdown, Boeing to eliminate 10% workforce

May 03, 2020 / Boeing

The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus pandemic. U.S. airlines are slashing hundreds of thousands of flights, cutting schedules by 80 percent or more through at least June and parking thousands of jets as demand for tickets has plunged by about 95 percent. Airlines are requiring facial coverings and implementing new cleaning procedures to try to convince passengers it is safe to fly again, but also fear the weakened economy may further drag down demand.
Late Friday, Spirit AeroSystems said that in response to lower production rates from Boeing Co and Airbus SE it would layoff 1,450 workers in Kansas.