India’s largest budget carrier IndiGo recently said that it has further deepened pay cuts for its senior employees and pilots by 10-13%. The recent development at the budget carrier comes just a week after it announced plans to lay off staff to tide over the coronavirus crisis. According to a Mint report, the salary cuts […]
Tag: airline industry
Largest German airlines Lufthansa will reportedly cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan that it announced recently to cope with fallout from the coronavirus crisis. The company had earlier in June had said that it would cut about 22,000 jobs due to impact on business caused by the […]
France’s flag carrier Air France recently confirmed plans to cut about 7,500 jobs including 1,000 at its sister airline HOP!, amid protests from staff over its response to the collapse in travel due to the coronavirus pandemic. The French airline, part of Franco-Dutch group Air France-KLM, said it had lost 15mn euros a day during […]
United Kingdom’s flag carrier British Airways, which earlier said that it needs to cut 12,000 jobs and handover pay cuts to cabin crew, has now reportedly laid off 350 pilots. According to a report by The Sun, the airline has reached a deal with its pilots that will see 350 laid off and another 300 […]
The airline industry has been in a soup since the coronavirus outbreak in China. As the outbreak turned into a pandemic, the aviation sector came to a total halt bringing the aerospace companies’ nightmares into reality. The tourism and aviation industry has been one of the most impacted industries in the economic ecosystem due to […]
British low cost airline easyJet recently said that it is considering closing down three of its airport bases because of the impact on the travel industry due to the coronavirus. The budget carrier said in a statement that it could close bases at London Stansted, London Southend and Newcastle airports as part of wider cost […]
European aerospace company, Airbus recently said that it is finalising a restructuring plan which would include massive job cuts. Airbus plane output will be 40% lower for two years compared to pre-crisis plans,confirmed the company Chief Executive while speaking to a newspaper. According to a Bloomberg report, Europe’s largest plane manufacturer Airbus SE is meeting […]
Major US airline company Delta Air Lines recently said that it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline. The recent announcement from the company as the airline industry is taking huge blows after the coronavirus pandemic slashed air travel demand. “In an effort to best prepare our […]
Australian flag carrier Qantas Airways Ltd is reportedly planning to lay off 20% of its employees and raise up to $1.3bn of equity under a cost-saving plan prompted by the coronavirus pandemic. The move is expected to affect about 6,000 employees of the airline’s 29,000 strong workforce. Around half of the job cuts will be […]
European plane manufacturer Airbus recently announced that it is extending furlough programs for 5,300 of its employees in Spain and the UK in its latest attempt to cope with the impact of the coronavirus pandemic. “This will be effective from 20th May till 30th September and affects all Airbus Operations SL employees in Spain (with […]
Brazilian planemaker Embraer recently announced that the head of its Commercial Aviation Unit, John Slattery is leaving his position to become the Chief Executive Officer of GE Aviation. Embraer said that Slattery will be replaced by company Chief Commercial Officer Arjan Meijer. Slattery’s resignation comes just weeks after the deal between Embraer and Boeing collapsed. […]
German charter airline company Condor will slash up to 25% of its workforce to reduce costs and recover its business which is severely impacted by the coronavirus pandemic. The announcement was made by the airline’s Chief Executive Officer Ralf Teckentrup while speaking to German newspaper Frankfurter Allgemeine Sonntagszeitung weekly. “Like other airlines, we will have […]
German airline Lufthansa recently said that it might have to cut 22,000 jobs due to impact on business caused by the coronavirus pandemic. “The recovery in demand in the air transport sector will be slow in the foreseeable future,” the airline said. Speaking after a meeting with trade unions, a Lufthansa spokeswoman said the airline […]
Canadian airplane and train manufacturer, Bombardier Inc recently announced that it would cut about 2,500 jobs or 11% of its aviation workforce. According to a Reuters report, the recent decision by the company is a direct result of the pandemic impacting the airline industry. The aviation industry has been among the worst hit by the […]
Indonesia’s flag carrier Garuda recently announced that it has laid off pilots as it continues to battle the slow revenue growth caused by the coronavirus pandemic. A senior official from the State-Owned Enterprises Ministry, Arya Sinulingga, said they support the decision taken by the Garuda management. “It was a difficult choice to make, but we […]