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Cash-strapped Thai AirAsia cutting salaries
Thai AirAsia is cutting staff wages and deferring some salaries as cash flow woes start to bite. Due to domestic travel curbs it grounded its fleet and has failed again to secure government financial aid.
Executive salaries from July will be deferred until September, while staff will only be paid 50% of their salary this month. The airline is hoping to secure extra funding to allow it to restart flights soon.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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