Southwest CEO says no furloughs, for now

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(CNN) — Southwest Airlines said it will not furlough any employees for now.

In a memo to the company’s 60,000 employees, the company said it will not be furloughing or laying-off workers on October first.

Restrictions attached to federal bailout money barred airlines from any furloughs or layoffs through September.

The pandemic has dealt a crushing blow to the major airlines.

Earlier this month, both United Airlines and American Airlines sent warnings of possible furloughs.

Southwest says 17,000 of its workers have already taken voluntary separation packages and extended time off, however the airline said it is losing $20 million dollars a day.

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