American Airlines, Bed BathBeyond cutting thousands of jobs

More major job cut news landed in the US yesterday, with American Airlines announcing that it plans to cut 19,000 jobs when the terms of its federal aid deal expire. The workers will be involuntarily furloughed or laid off. Although passenger numbers in the US have recovered somewhat from the depths plumbed in April, the number passing through official checkpoints has bounced around between the 500,000 and 700,000 mark in the past two months. On Monday, 727,788 travellers passed through TSA checkpoints, versus 2.4 million on the same day a year ago.

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