Cost-cutting triggered by virus affects Malindo salary payments
Malindo appears to be the first airline in Malaysia to roll out ‘cost-cutting initiatives’ in response to the Covid-19 outbreak. – EPA pic, February 28, 2020.
AS countries close their borders to visitors, especially those from nations with Covid-19 cases, airlines are taking a big hit, and in Malaysia, Malindo Air is citing cash-flow woes. Some airlines have announced cost-cutting measures, such as a reduction in salaries for management and cabin crew, while others have revised downwards their growth and passenger targets.
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