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Thai Airways executives take pay cut because of coronavirus

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Thai Airways executives take pay cut because of coronavirus

 

2020-02-26T084752Z_1_LYNXNPEG1P0PN_RTROPTP_4_THAIAIRWAYS-RESULTS.JPG

FILE PHOTO: Thai Airways aircraft are parked on the tarmac at Bangkok's Suvarnabhumi International Airport March 27, 2015. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's national carrier announced salary cuts for management and other airlines lowered targets as travel slowed from the coronavirus outbreak and the number of cases in the country reached 40 on Wednesday.

 

Thai Airways Pcl <THAI.BK> said senior management voluntarily reduced their salaries by 15% to 25% for six months beginning March in a bid to cut expenses amid reduction of passenger travel.

 

"Thai Airways has implemented measures such as reduction of operational expenses and delayed unnecessary investments," said the airline president, Sumeth Damrongchaitham.

 

Senior management, including the president and vice presidents, would also reduce their transport allowances by 20% to 30%.

 

Thai health officials urged the public to refrain from travelling abroad and asked airlines to tone down promotions after two more patients tested positive for the virus following a trip to Japan, bringing the total number of cases in the country to 40.

 

"Even though tickets are cheap, it could be your last holiday," Health Minister Anutin Charnvirakul told reporters.

 

Last week, the Thai Airways reduced flights to major cities including those in China, Japan and South Korea.

 

Asia Aviation Pcl <AAV.BK>, the joint owner of the low-cost carrier Thai AirAsia, revised its target for 2020 to 20.5 million passengers, lower than the 22.15 million passengers it carried in 2019.

 

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-- © Copyright Reuters 2020-02-26

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So convenient for them that they can save face by blaming everything on the virus.

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Sack the lot of the old farts and put new young blood in also they should stop all ex employees getting free air travel for life what a rip off  

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9 minutes ago, whiteman said:

 stop all ex employees getting free air travel for life what a rip off  

Employees and the extended families

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This is to soften the blow when they ask the staff to take a 10% pay cut

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15-25 percent pay cut, 

yet other airlines are just reducing business class flights by 40 percent to entice would be travellers, the difference in management thinking  is very clear,

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33 minutes ago, whiteman said:

Sack the lot of the old farts and put new young blood in also they should stop all ex employees getting free air travel for life what a rip off  

More of the same ? Hell no.

 

As I said before they need someone who knows what they are doing, someone like Emirates Tim Clark, he pretty much built the airline from scratch.

 

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This can't be right TAT just told every one Tourisum is up on last year..... And some still believe figures produced by this government.... Phew. 

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