Pelosi is asking airways to halt 1000’s of holidays, with additional assist "imminent".


A United Airlines aircraft will take off over American Airlines aircraft on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020.

Mario Tama | Getty Images

Airlines' stocks rose Friday after House spokeswoman Nancy Pelosi praised additional airline payroll support and urged them to halt tens of thousands of job cuts.

Pelosi's comments come a day after airlines put more than 33,000 employees on leave after the terms of a $ 25 billion payroll support package passed in March expired. This aid, which should help airlines cope with a drop in bookings due to the coronavirus pandemic, banned job cuts until October 1.

Airlines have been asking lawmakers and the White House for an additional $ 25 billion over the past few weeks to keep jobs through March after no significant recovery in travel over the summer.

American Airlines' shares, which employed 19,000 people on Thursday, more than any other US airline, rose 5%, Pelosi said. United Airlines shares rose nearly 3%. The Chicago-based airline announced more than 13,000 vacation days this week.

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Steven Gregory