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Thai Airways grounds flights for two months

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Thai Airways grounds flights for two months

By The Nation

 

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Thai Airways International Plc will stop flying for two months.

 

The company has asked employees to take two months off from April 4 to May 31. Along with this, staff salaries will be reduced by 10-50 per cent.

 

Source: https://www.nationthailand.com/news/30385261

 

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-- © Copyright The Nation Thailand 2020-04-02

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7 minutes ago, scubascuba3 said:

Let's hope the highest paid get 50% less and the lowest paid 10% less

 

Yes e.g. all Captains are in the 50% group. In reality it is more than 50% as that applies only to salary and when not flying all the allowances go to zero. A junior cabin crew might see their income cut by 70-80%.

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13 minutes ago, scubascuba3 said:

Let's hope the highest paid get 50% less and the lowest paid 10% less

Think it will be the other way round!

Can't imagine a certain route will be closed though

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12 minutes ago, canopus1969 said:

2 months is just a stab in the dark. They have no idea – nor anyone else – as to how long this will last.

Very true, and thats the really scary part for airlines.

 

Now, TG isn't a real commercial enterprise, if it was it would have been bankrupt and shut up shop several years ago.

 

Thats the reason it's kept going longer than most of the commercial airline industry.

 

For most of them, the reality of this whole awful situation is that you burn cash really really fast in an industry that works at the best of times with razor thin margins.

 

Thats why most of them very quickly moved to slash routes and park up aircraft. Most major airports now just look like like enormous aircraft parking lots.

 

We'll have to wait and see where this all ends up, but it will be the death knell for quite a few airlines.

 

Whether TG is in that list, I sincerely doubt it, it will endure in it's own weird Lala land 

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1 hour ago, mrwinner said:

The lockdown and most social distancing measures in Thailand could easily be here for the whole of 2020- that's realistic thinking based on quarter of a million expected deaths in the US over the next 2 weeks in a best case scenario. Anyone hoping bars, shops etc will be allowed to open before July in Thailand will be disappointed.  

I have been saying September, that was my optimistic guess but there could still be flare ups until this time next year. 

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2 hours ago, webfact said:

 

The company has asked employees to take two months off from April 4 to May 31. Along with this, staff salaries will be reduced by 10-50 per cent.

Saving the company, finally.

 

 

And will they do anything because of Covid 19? 

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The only thing that surprises me is that Thai have been quick to announce this. An airline not known for doing anything quickly. I'll go with August for European flights being resumed.

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This is a chance to get rid of the dead weight (Executives) that you have been carrying for years and it is bleeding you ...

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This is a decision that was taken almost a month ago. When I tried to re-book my ticket through a Scandinavian TG office 7th of March, they told me about the shut-down of flights in April/May.

 

Now the earliest ticket to Copenhagen is the 27th of June, but let's see if that's possible in a couple of months.....

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New ones under a year working there do not get paid as I heard. They plainly take the hit but hopefully get the 5k from the government..

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