Airplane manufacturer Boeing recently announced that it is going ahead with a downsizing exercise as coronavirus pandemic severely impacts the airline industry. The company said that it is eliminating more than 12,000 jobs in the United States, including 6,770 involuntary layoffs. The company also disclosed it plans “several thousand remaining layoffs” in coming months but…
Dubai-based world’s largest long-haul airline, Emirates recently announced that it has laid 180 trainee pilots due to the impact of coronavirus pandemic. The company also pointed out that there may be more layoffs if the situation continues to worsen. We reviewed all possible scenarios in order to sustain our business operations, but have come to…
British low-cost airline easyJet is planning a layoff of up to 4,500 jobs and shrinking its fleet to adjust to the smaller travel market, which is forecast to not emerge from the coronavirus crisis anytime soon. EasyJet employs about 15,000 people in eight European countries, the latest airline company to announce job cuts due to…
The airline industry in India has been severely affected with many companies even eyeing for bankruptcy due the government imposed travel restrictions. Airline companies for the past 50 days have resorted to tough measures like layoffs and pay cuts to tide over the crisis. They have been, for long, asking the government to resume flight…
As the country prepares to enter the fourth phase of the lockdown, there are predictions that the government might resume domestic air travel. The predictions were made after Prime Minister Narendra Modi addressed the nation and said that the fourth lockdown will be different from the previous ones. Giving a hint that the air travel…
United Airlines is reportedly looking to slash at least 3,400 management and administrative positions in October due to the slump in air travel demand amid the coronavirus pandemic. According to internal memos sent by the company to employees, accessed by Reuters, the company informed its staff about the possible job cuts, including the flying team.…
Budget-carrier Vistara recently announced that it has asked its senior employees to take compulsory unpaid leaves for upto four days in the months of May and June. In an attempt to sustain their businesses and prevent cash-burn the airline’s CEO Leslie Thng announced the decision to cut down employee-related costs. “For the month of May…
British multinational engineering company Rolls-Royce Holdings Plc is reportedly planning to cut 15% jobs as the airline industry globally struggles to tide over the ongoing coronavirus crisis. According to a Financial Times report, senior executives of the aero-engine maker have begun work on a restructuring plan that would shrink the 52,000-strong workforce by up to…
Britain’s flag carrier British Airways is reportedly planning to cut as many as 12,000 jobs in response to the coronavirus crisis. Stating that the passenger numbers will take years to recover due to the pandemic, its owner International Consolidated Airlines Group announced the news on Tuesday. IAG, which also owns Iberia, Aer Lingus, and Vueling,…
India’s largest airline by market share IndiGo, recently announced that it has decided to not go ahead with its earlier decision of employee salary cut for the month of April. The airline said that the decision is in deference to the Central government’s wishes. “In deference to our Government’s wishes of not reducing pay during…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The airline industry has long been in soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt to…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…