MAS asks 13,000 employees to take "voluntary" unpaid leave
Covid-19 takes a heavy toll on airlines' bottom line
theedgemarkets.com : MAS offering all employees three months no-pay leave
or five days no-pay leave per month for at least three months
unpaid leave extended to MAB Kargo, MAB Engineering, Firefly and MASwings
On Monday MAS announced 10% pay cut for senior management
They will also forgo their allowances
1st quarter 2020 MAS removed 7.1% capacity
suspended more than 1,600 flights
MAS cut capacity to China by 53%
to South Korea and Japan by 23%
more flights to be cancelled
SIA, Cathay, British Airways, Lufthansa, Emirates, Virgin offering unpaid leave
Malindo also ordered staff to take two weeks unpaid leave
50% salary cut, suspending flights, asking vendors to delay payments
airline continues to struggle
intense competition, weak ringgit, overcapacity
My comments :
Is the new government equipped to handle all this?
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