Airline bailout scrutiny - Fed rate hikes - NASA’s solar probe

The airline industry received a bailout of $54 billion at the height of the pandemic when air travel came to a screeching halt. The goal was to preserve airline jobs, and in return airlines agreed to place limits on executive compensation, eliminate stock buybacks and dividends and not involuntary furlough employees. Even with the aid, however, airlines said they had no choice but to shrink.
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"We end[ed] up with airplanes in the wrong place, people in the wrong place," American Airlines CEO Doug Parker said regarding the airline's mass flight cancellations in October. "So that was the driver of the vast majority of cancellations." Southwest Airlines CEO Gary Kelly admitted to some scheduling mistakes over the past year.
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Executives addressed worker shortage concerns by detailing their aggressive hiring initiatives. In all, the major U.S. airlines plan to hire around 30,000 new workers in 2022.