LATAM Airlines, the largest carrier in South America, filed for Chapter 11 bankruptcy protections on Tuesday. Ten U.S. airlines received $25 billion in grants from the government as part of the Cares Act in April. If the company does not have enough voluntary departures to reach a 30 percent cut, then layoffs will begin, she said. The company will pay terminated employees through Sept. 30, Eberwein said. Their health insurance coverage will carry over for 18 months and they will also receive a travel benefit from the company.

Source: Washington Post May 27, 2020 04:27 UTC