Southwest Airlines offers buyouts and temporary paid leaves

Business

Southwest offers buyout packages and temporary leaves in what its CEO says is an effort to "ensure survival"

(FOX NEWS) — Southwest Airlines reportedly offering buyouts and temporary paid leave to its workers.

Southwest’s CEO, in internal documents seen by Reuters, says the move is needed in order to survive a slow recovery from the covid19 pandemic.

The airline received more than $650 million dollars in the second round of stimulus.

It’s predicting flying capacity will probably be down about 30-percent in the fall.

Southwest hasn’t imposed any layoffs or furloughs in its 49-year history.

Most employees are being offered leaves of a minimum of six months with benefits and 50-percent of pay.

Pilots are being offered 61-percent of pay.

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