- Senior management executives of Cebu Pacific have agreed to take salary cuts to help save the jobs of their personnel
- Cebu Pacific spokesperson Charo Logarta-Logamon said the measure is “the right thing to do”
- Local airlines have experienced huge losses following the spread of novel coronavi
Executives of Cebu Pacific have agreed to take pay cuts to help save jobs of their personnel.
Amid the airline’s loss due to the spread of the COVID-19, the senior management of Cebu Pacific have opted for salary cuts to keep jobs of thousands of their employees.
Cebu Pacific spokesperson Charo Logarta-Logamon confirmed with GMA that the move has been agreed upon and will soon take effect. She said, “Senior management agreed to a pay cut as part of measures to mitigate challenges caused by COVID-19.”
Logaman refused to disclose more details on the measure but said it “is the right thing to do.”
Efforts to contain the novel coronavi
rus have significantly affected air travel and resulted to the huge losses for several airline companies.
The Civil Aeronautics Board (CAB) has recently revealed that local airlines have registered a 30% drop of total passengers last February. They added that “double-digit” losses have been noted since the first cases of COVID-19 were identified and several travel restrictions were imposed since January and early February.
Jim Sydiongco, CAB board member and Civil Aviation Authority of the Philippines (CAAP) director-general was quoted by GMA saying, “Sa feedback na nakukuha namin sa airlines, especially domestic airlines, there’s a drop ranging from 20% to 30%. In NAIA (Ninoy Aquino International Airport) alone, we have seen a drop in about 70 to 100 events in one day.”
President Rodrigo Duterte has issued a proclamation declaring the spread of COVID-19 a public health emergency.