American confirms plan to furlough 19K staff tomorrow (NASDAQ:AAL)

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American Airways (NASDAQ:AAL) CEO Doug Parker says the airline will move ahead with plans to furlough 19K staff tomorrow, however will probably be ready to reverse course if a deal for extra authorities help is reached.

Parker confirmed he talked with Treasury Secretary Steve Mnuchin in regards to the choice earlier at present.

More airline job cuts are expected tomorrow when the restriction tied to government grants expires.

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