United CEO Oscar Munoz and president Scott Kirby also outlined a series of cost-cutting measures, including voluntary unpaid leaves for employees, and a hiring freeze.
In a memo to employees sent by Munoz and United president Scott Kirby — who is set to take over from Munoz later this year — said that the airline would cut 20% of its international schedule and 10% of its domestic flights in April, with similar cuts in May.includes already-announced schedule reductions to several regions in AsiaThe domestic service reductions also include several changes to Canada routes. Munoz and Kirby said that the changes would be announced on March 7.
Finally, the airline will postpone salary raises for management and administrative employees. That excludes employees covered by collective bargaining agreements. "United Airlines is taking a responsible approach to address the impact of COVID-19 on air travel," she said. "We want to be very clear that the airline has worked with our union from the start to implement safety and health measures to ensure crew and passengers are safe."
Unfortunately this will happen to other airlines as fears grow. Hopefully they can make a recovery soon.
Sad but necessary to promote caution!
'Offering' ? - you mean an offer they can't refuse
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Source: CNBC - 🏆 12. / 72 Read more »