Covid-19: AirAsia senior employees take 15 to 100 per cent pay cut

AirAsia logo.

By Adrian Lim

KUCHING, March 26: The management and senior employees of AirAsia Group Bhd (AirAsia) has agreed to pay cuts ranging from 15 to 100 per cent.

In a statement today, the low cost carrier revealed the move was done to assist the organisation in containing costs during a period of low demand for travel arising from the novel coronavirus (Covid-19) pandemic.

“In our effort to further manage and contain costs, both the management and senior employees of AirAsia Group have volunteered a salary sacrifice, ranging from 100 per cent at the very top to 15 per cent.

“This will help ensure that we can ride out this prolonged period of extremely low travel demand and at the same time minimise the impact on our employees, especially those in junior positions.

“AirAsia Group will remain committed to assist the relevant government authorities to support the repatriation of travellers and shipment of goods.

“AirAsia’s online marketplace OURSHOP and its cargo and logistics platform Teleport will remain operational, with Teleport utilising passenger aircraft to transport medical aid and protective equipment intended for hospitals and frontline emergency responders at selected destinations,” the low cost carrier added. — DayakDaily