American Airlines is preparing to scrap flights serving two-dozen medium and small cities as the expiration of federal coronavirus aid that placed restrictions on carriers from cutting service approaches, according to an executive at the carrier, speaking to CNBC. Airlines are required to maintain minimum levels of service until September 30 under a $25 billion federal aid package that also prohibited layoffs through the end of the third quarter. American was granted $5.8 billion in support under the program. The deal was meant to preserve both jobs by providing payroll assistance and air service around the country, even though most
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