JAL executives to take 10% pay cut as coronavirus weighs on business
Japan Airlines executives will voluntarily take a 10% cut in monthly remuneration from April to June as a cost-cutting measure after the global coronavirus pandemic forced it to sharply reduce flights, a source close to the matter said Thursday. For the summer flight schedule starting March 29, JAL will see over 80 percent of international flights reduced through the end of April compared to its initial plan as governments across the world restrict entry to curb the spread of the pneumonia-causing virus. JAL has also cut domestic flights. “The airline industry is facing an unprecedented crisis,” JAL President Yuji Akasaka said in his address to newly recruited employees Wednesday. April 1 is the start of the business year in Japan.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-06/oneworld/jal-executives-to-take-10-pay-cut-as-coronavirus-weighs-on-business
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JAL executives to take 10% pay cut as coronavirus weighs on business
Japan Airlines executives will voluntarily take a 10% cut in monthly remuneration from April to June as a cost-cutting measure after the global coronavirus pandemic forced it to sharply reduce flights, a source close to the matter said Thursday. For the summer flight schedule starting March 29, JAL will see over 80 percent of international flights reduced through the end of April compared to its initial plan as governments across the world restrict entry to curb the spread of the pneumonia-causing virus. JAL has also cut domestic flights. “The airline industry is facing an unprecedented crisis,” JAL President Yuji Akasaka said in his address to newly recruited employees Wednesday. April 1 is the start of the business year in Japan.<br/>
