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Reuters

From pilots to ramp agents – U.S. airlines go all out to staff up

CHICAGO (Reuters) -From offering premium pay to hefty signing bonuses or poaching workers from other airlines, American carriers are scrambling to ramp up staffing for the holiday season and prevent disruptions that marred air travel this summer. After reducing headcount by thousands during the depths of the pandemic, the industry is grappling with shortages of pilots, flight attendants and customer service agents. Critics say the staff crunch is of the airline industry’s own making as the deep job cuts last year, despite an infusion of $54 billion in federal aid to help cover payroll expenses, left it ill-equipped to handle the snapback in air travel.

Alibaba stock just suffered the biggest 5-day selloff in its history, but Susquehanna analyst stays ‘positive’

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