THAI to cut executive pay for 6 months

THAI to cut executive pay for 6 months

THAI plans to cut salaries and other allowances of its executives for six months due to the impact of Covid-19 outbreak that causes the number of passengers to drop. (File photo)
THAI plans to cut salaries and other allowances of its executives for six months due to the impact of Covid-19 outbreak that causes the number of passengers to drop. (File photo)

Thai Airways International (THAI) will cut salaries and other allowances of executives by 15-25% for six months from March 1 to alleviate losses from the impact of Covid-19 outbreak.

THAI president Sumeth Damrongchaitham said on Tuesday that the outbreak of coronavirus disease 2019 or Covid-19 in several countries has eroded confidence in travel and this caused the number of passengers to drop during this period.

The airline has reduced flights on several routes, particularly to China with flights cut by 50%, and Japan with flights reduced by 10% to cut costs.

THAI will soon issue an announcement to cut salaries and travel allowances of executives by 15-25% for six months, effectively on March 1, said the airline president.


Do you like the content of this article?
COMMENT (29)

Protest groups call for action on rising living cost

Members of the 24 June Democracy group, the Labour Network for People's Rights and the Thalufah group rallied outside Government House in Bangkok on Tuesday.

18 Jan 2022

Thanathorn's painting NFTs sell for 3.3 milion baht

Progressive Movement leader Thanathorn Juangroongruangkit has sold three of his paintings in a non-fungible token (NFT) auction for more than 3 million baht on Tuesday, with most of the proceeds going to the Thai Lawyers for Human Rights (TLHR) group.

18 Jan 2022

Come back (soon)

Covid restrictions are set to ease, with a lowered alert level, changes to colour-code zones, expansion of sandbox provinces and revival of Test & Go entry all under discussion.

18 Jan 2022