American Airways (AAL) – Get Report shares fell Tuesday after the service mentioned it might furlough 17,500 union staff in October, because of the journey meltdown attributable to the coronavirus pandemic. American shares just lately traded at $13.02, down 3.2%. The stock has fallen 55% this yr.That discount comes along with 1,500 administrative and help staff laid off in August however persevering with to receives a commission by means of Oct. 1. That’s when the federal government’s payroll safety assist to the airline trade ends.The shut of the six-month payroll safety program is answerable for the transfer, American Chief Government Doug Parker and President Robert Isom wrote in a letter to workers, cited by The Dallas Morning Information. “The coming weeks and months will be some of the most difficult we have ever faced,” they mentioned.“Today is the hardest message we have had to share so far – the announcement of involuntary staffing reductions effective Oct. 1. So, as Sept. 30 approaches, we have announced reductions in service, including the complete elimination of service to certain markets in early October, and today we are announcing the related reductions in our workforce.”American mentioned final week that it was eliminating service to 15 small cities in October, when a federal requirement to serve these airports ends. The affected cities embrace Sioux Metropolis, Iowa; New Haven, Conn.; and Springfield, Ailing.The furloughs unveiled Tuesday embrace 8,100 flight attendants and 1,600 pilots, The Dallas Morning Information reported. The furloughs will come from American and its regional carriers Envoy, PSA and Piedmont.One other 23,000 American staff have accepted voluntary leaves and buyouts.