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 |
-
Economy2 months agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Magazines2 months agoOER May 2026 Edition: The Digital Copy
-
News1 month agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment2 months agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News1 month agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
Magazines2 months agoSignature Oman: May 2026 Edition
-
Banking & Finance2 months agoSohar Islamic Launches Exclusive Infinite Credit Card for HNWIs in Oman
-
News1 month agoThales & Ankaa to Deliver Multi-Mission Air Traffic Surveillance Radars for Oman, Capable of Supporting Civil & Military Operations
