Delta chief legal officer Peter Carter’s total compensation decreased by more than $1.4m from 2019 to 2020, as the pandemic pummeled travel and prompted government aid to airline companies with strings attached, a regulatory filing shows. Carter’s total compensation was more than $5m in 2019 but fell to about $3.6m in 2020, Delta disclosed in a filing with the US Securities and Exchange Commission on Friday. The bulk of his 2020 compensation came in the form of stock and option awards.<br/>
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Vietnam Airlines saw significant losses during the first quarter of 2021 owing to Covid-19. The SkyTeam carrier’s after-tax loss ballooned to D4.6t ($198m) for the three months ended 31 March, compared with a D1.8t after-tax loss a year earlier, says the airline. On a consolidated basis, after-tax losses were D4.96t, while total revenues fall 64% to D8.5t. Consolidated figures include the main airline, Cambodia Angkor Air, Pacific Airlines (formerly Jetstar Pacific), and VASCO. With Vietnam all but entirely cut off from the world amid the coronavirus pandemic, international revenues were down 97% year on year. The carrier was able to reduce expenses by 41% year on year.<br/>