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…
Volaris, the ultra-low-cost airline serving Mexico, the United States and Central America, announces that the spread of the COVID-19 (Coronavirus), declared a pandemic by the World Health Organization, and the related governmental travel restrictions have significantly reduced the demand for global air transportation. Accordingly, as of March 24th, 2020 Volaris will decrease capacity as measured…
The Boeing Company announced several decisions to support the company as it navigates through the COVID-19 pandemic while ensuring the company is positioned for the industry’s recovery. Decisions include: CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year. The company will suspend its dividend until further…