CEO says Southwest needs union pay cuts to avoid furloughs
October 4, 2020
DALLAS (AP) — Southwest Airlines will cut pay for nonunion workers in January and says union workers must also accept less pay or face furloughs next year as the pandemic continues to hammer the airline business.
Chairman and CEO Gary Kelly said Monday that unless the federal government gives airlines more money, Southwest will have to sharply cut spending to avoid losing billions of dollars every quarter until a coronavirus vaccine is widely available. Air travel is down nearly 70% from a year ago.
"We would have to wipe out a large swath of salaries, wages and benefits to match the low...