Cathay Dragon is the latest airline to be grounded as a result of COIVD-19, part of a massive restructuring at the Cathay Pacific Group as it seeks to stabilize its operations. In a stock exchange filing on Wednesday the company announced that the regional arm “will cease its operations with effect from today.”
As Delta Air Lines and its pilots battle over impending furloughs an unlikely candidate for collateral damage is emerging. The carrier may be forced to ground some of its A220-100 fleet as it comes up short on First Officers to operate the type. The company notified 1,941 pilots last Friday of potential layoffs on 1 October.
Most of JetBlue’s employee groups hit targets for voluntary departures, helping the company to avoid layoffs as the CARES Act Payroll Support Program funding expires at the end of September. In a message to crewmembers today Chief People Officer Mike Elliott detailed the situation among each of the work groups.
The cost cutting continues for airlines. Federal payroll subsidies will end on October 1, 2020, and with that the requirement to keep the current staffing levels. For JetBlue this translates into a decision finalized this week to contract out for staffing at some of its smaller stations. In a letter to airport employees on Tuesday […]
Thousands of American Airlines employees face a difficult decision in the coming weeks. Federal payroll support funding is running out and some 17,000 employees must now decide if they’re willing to take a buy-out package from the company or risk being laid off.
The aviation industry is in turmoil. As airlines slash spending the supplier network is scrambling to survive. For many of these companies staff furloughs is the name of the game. Panasonic Avionics Corporation (PAC) is the latest in the IFEC sector to implement such moves.
When one or two executives leave a company it doesn't usually make the news. When it is a handful all at once eyebrows start to raise. After last week's news of one such shake-up in the inflight entertainment and connectivity world, however, the company's CEO says this is simply business as usual, finishing up a restructuring started in 2018.