Tuesday, February 7, 2023
  • Lowyat.NET
  • Lipstiq
  • Murai MY
  • Wanista
  • Varnam
  • Moviedash
  • Autofreaks
No Result
View All Result
Hype Malaysia
  • Hype Picks
    • Go
    • Eats
    • Style
    • Streams
    • Concerts
  • Celebs
    • K-pop
  • Music
    • Reviews
    • Interviews & Features
  • Movies & TV
    • Movies
    • TV
    • Features
  • Lifestyle
    • Tech
    • Travels
    • News
  • Giveaways
  • Contests
Hype Malaysia
  • Hype Picks
    • Go
    • Eats
    • Style
    • Streams
    • Concerts
  • Celebs
    • K-pop
  • Music
    • Reviews
    • Interviews & Features
  • Movies & TV
    • Movies
    • TV
    • Features
  • Lifestyle
    • Tech
    • Travels
    • News
  • Giveaways
  • Contests
No Result
View All Result
Hype Malaysia
No Result
View All Result
Home Lifestyle

Coronavirus Outbreak: Malaysia Airlines & AirAsia To Cut Staff Salaries

by Syahrul
March 11, 2020
249
SHARES
Share on FacebookShare on Whatsapp

Two of Malaysia’s leading airlines, Malaysia Aviation Group (MAG) and AirAsia Bhd have taken drastic steps in reducing staffs’ salaries in the wake of the coronavirus outbreak that has affected their business.

MAG, holding company of Malaysia Airlines and other aviation services, will reduce 10% of salaries and allowance for all senior management of all its companies. This will continue for 3 months depending on the recurring situation, according to a source close to the company.

Source: Rojak Daily

“For now, the reduction of pay and allowance will only involves those in the senior management. For now, no dismissal will be made and MAG will make every effort to retain all its employees,” said the insider.

Prior to this, the cost-cutting measure was done in order to address the weak demand of air travel as a result of the increasing coronavirus outbreak. “Unfortunately, Covid-19 has disrupted the growth momentum of the group. In this case, we need to get together to combat this crisis,” said MAG CEO Captain Izham Ismail in a clip shared to the staffs.

He continued, “It affects not only airlines, but also hotels, retailers as well as marketplaces. Therefore, drastic action must be taken among all of us. I will keep in touch with all of you to discuss on what we shall do in the coming days or weeks.” 

Source: TTG Asia

Meanwhile, an insider from AirAsia said that the salary-cutting measure will also involve all senior management. The move will not involve other staffs as AirAsia has already taken steps to curb costs throughout its business operations to reduce the impact on its employees.

“They need to take this step to ensure that our financial flows are sustainable and competitive. This is a major concern among airline companies not only in Malaysia but around the world as well following the impact of the virus,” the insider told Berita Harian.

ADVERTISEMENT

Meanwhile, AirAsia assured that the cost containment measures implemented across will not affect a number of its staffs, especially those with low incomes. Acting President and CEO Bo Lingam said the decision was made as the global air transport industry continues to face uncertainties following the outbreak.

Source: Focus Malaysia

In relating news, Malaysian Industrial Development Finance (MIDF) researchers has lowered down the aviation sector’s rating from neutral to positive in view of the impact of coronavirus on travel demand, seat capacity, as well as traffic growth.

It’s believed that there will be significant effect from the decline in the arrival of tourists from China on the ASEAN tourism sector, as compared to the Severe Acute Respiratory Syndrome (SARS) outbreak back in 2003.

Regarding the factor of load, MIDF said airline companies sought to reduce its capacities amid the drop in travel demands and restrictions imposed by more than 50 countries following the Covid-19 outbreak.

Source: Pamper.MY

It’s expected that AirAsia and AirAsia X’s load factor will drop by 80% in the coming quarters.

Source: Berita Harian.

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Follow us on Instagram, Facebook or Telegram for more updates and breaking news. 

Filed Under AirAsiaCovid-19Malaysia Airlines
Share100SendTweet62Share

DON'T MISS THESE STORIES

Blue AND Broke? Here’s How To Get Good Therapy On A Budget
Lifestyle

Blue AND Broke? Here’s How To Get Good Therapy On A Budget

February 3, 2023
PARKROYAL Langkawi Resort’s Ready To Open Its Doors & We’re SO THERE!
Lifestyle

PARKROYAL Langkawi Resort’s Ready To Open Its Doors & We’re SO THERE!

February 2, 2023
How To Build An On Fleek Capsule Wardrobe You’ll Actually Wear!
Fashion/ Beauty

How To Build An On Fleek Capsule Wardrobe You’ll Actually Wear!

February 1, 2023
Toast To The Territories: What To Do In KL, Putrajaya & Labuan On Federal Territories Day!
Go

Toast To The Territories: What To Do In KL, Putrajaya & Labuan On Federal Territories Day!

February 1, 2023

ADVERTISEMENT

TOP STORIES TODAY

  1. 1

    Is TikToker Pangle The Woman In The Viral 9-Minute Porno Video?

  2. 2

    (Video) OnlyFans Creators Seduce Namewee By Posing In Their Favourite Positions

  3. 3

    (Video) Female Driver Repays Kind Gesture By Showing Middle Finger More Than Once!

  4. 4

    Cigarettes After Sex Announces KL Concert; Venue & Ticket Prices Revealed

  5. 5

    Woman Under Fire For Promoting Hook-up Hotel In KL

Malaysia’s live-wire for the latest news, trends, and entertainment is finally here. We are your calendar, your grapevine, your comic relief, your post-event coverage, and your celebrity stalker. Did we also mention that we are also your gateway to the world?



Contact us: newsdesk@hype.my



  • About
  • Advertise
  • Jobs
  • Terms
  • Privacy Policy

©2023 Vijandren Ramadass. All Rights Reserved.

No Result
View All Result
  • Hype Picks
    • Go
    • Eats
    • Style
    • Streams
    • Concerts
  • Celebs
    • K-pop
  • Music
    • Reviews
    • Interviews & Features
  • Movies & TV
    • Movies
    • TV
    • Features
  • Lifestyle
    • Tech
    • Travels
    • News
  • Giveaways
  • Contests

©2023 Vijandren Ramadass. All Rights Reserved.