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Delta CEO says gov't aid ensures no industry lay-offs through September 30

Published 03/27/2020, 02:32 PM
Updated 03/27/2020, 02:35 PM
© Reuters. Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 CES in Las Vegas
DAL
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CHICAGO (Reuters) - Delta Air Lines (NYSE:DAL) Chief Executive Ed Bastian said payroll assistance funds from the government under a massive stimulus package approved on Friday ensure there will not be any involuntary furloughs or pay cuts in the U.S. airline industry through Sept. 30.

© Reuters. Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 CES in Las Vegas

Still, the government relief package "is not a cure for the unprecedented challenges we face," Bastian said in a memo to employees.

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