Even as federal lawmakers are discussing the details of financial aid packages to the faltering airline industry, Boeing has announced that it will be laying off up to 30,000 employees in its commercial airlines division. Airline officials went to the White House yesterday to inform the Bush administration that without $24 billion in aid the industry would fall apart, with some companies facing bankruptcy by the end of the week. Layoffs throughout the industry are predicted to reach 100,00 by this weekend as carriers lose a total of $300 million a day.
See "U.S. crafting airline aid plan: Plane-maker Boeing announces up to 30,000 job cuts", ROBERT DODGE, DAVE MICHAELS and TERRY MAXON, The Dallas Morning News, September 18, 2001