Not only flights and flight schedules are being affected, but airline CEOs are also taking pay cuts in the face of canceled flights and reduced passenger bookings. The latest is Alan Joyce of Qantas, who will take no salary through the end of the company’s fiscal year, ending June 30. The remaining of the management staff will take a 30% cut in salary.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
