Aviation
Abu Dhabi’s Etihad Airways Extends Staff Wage Cut Until Year-End
(Bloomberg) — Etihad Airways will extend the period of reduced pay for its staff until the end of this year although at a lower rate as the Abu Dhabi carrier seeks to offset the impact of the coronavirus.
Salaries will be cut 10% from this month and Etihad has reintroduced staff allowances, according to a statement. That compares with an earlier reduction of 25% to 50%.
Reuters reported the changes in salaries earlier.
The state-owned airline, which posted a first-half loss of $758 million loss, had cut thousands of jobs after the pandemic prompted governments to shut their borders and airlines to ground their fleets.
Separately, Dubai’s Emirates airline said it’ll fully restore staff salaries from October.
Read more |
---|
Etihad Airways Half-Year Loss Widens Amid Border Closures |
Airlines Bleed Cash as Jets Half Empty, Long-Haul Still Grounded |
Aviation Job Losses Could Approach a Half-Million by Year’s End |
-
OER Magazines1 month ago
OER, September 2024
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, September 24
-
Uncategorized4 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities1 month ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance1 month ago
Apple Pay Officially Launched in Oman
-
Oil & Gas4 weeks ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Investment1 month ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+
-
Lifestyle1 month ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season