United Kingdom
United States
Asia Pacific
Airtours chiefs bag massive bonuses
Airtours is under fire after it was revealed its top bosses received huge performance-related bonuses last year which doubled their wages.
Although the company made 1,600 job cuts following the September 11 terrorist attacks, 350 of which were in the UK, Airtours – which is shortly to change its name to MyTravel – claims the bonuses are justified as they relate to performance before the terrorist attacks on New York and Washington. However critics point out that a further 1,200 jobs had also been lost prior to September 11 as part of cost-cutting measures.
Airtours chairman, David Crossland, received a £402,000 bonus to take his total salary to over £1 million, while chief executive Tim Byrne boosted his wages to £902,000 with a £325,000 bonus.
The company’s annual report also reveals that UK leisure group chief executive Richard Carrick boosted his pay to £667,000.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’