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This could be the worst day of job losses in aviation history Thursday could be the...

This could be the worst day of job losses in aviation history Thursday could be the worst day of layoffs in the history of aviation. After attempts to secure more federal money failed, American Airlines (AAL) and United Airlines (UAL) have said they will cut a total of 32,000 jobs.

With the help of a supply and demand graph explain what is happening in the airline industry that is causing the job cuts. As part of your answer you need to draw a supply and demand graph and explain the changes.

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these job losses happened due to fall in demand for airlines which resulted in creating a recession in the economy. recession leads to unemployment due to cut in the demand of output firms stop their production and demand for labour decreases.

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