Carriers trim costs as flights decline - News Summed Up

Carriers trim costs as flights decline


The airline has revised its business plan this year, including a rejig of flight schedules. Airlines are scrambling to shave costs as the slump in travel demand caused by the coronavirus cuts deep into revenue, with some airlines opting to reduce pilots' and crew members' salaries. Business plans and revenue targets have to be revised after flights to China and other destinations were affected by the outbreak. The International Air Transport Association expects passenger traffic in Asia-Pacific to decline by 8.2% this year, with revenue slumping $27.8 billion. The pilot said the airline cut off other financial incentives, including a tax subsidy scheme for pilots.


Source: Bangkok Post February 21, 2020 23:03 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */