Vietnam Airlines, whose revenues have been hit badly by the Covid-19 epidemic, has cut the salaries of senior managers by 40 percent this year.

VNExpress

Vietnam Airlines managers’ salaries to be reduced as revenues take hit
A Vietnam Airlines aircraft taxiing at HCMC’s Tan Son Nhat Airport. Photo by Shutterstock/anvu.

Mid-level managers’ salaries have been reduced by 20- 30 percent, Duong Tri Thanh, the CEO of the carrier, said.

The impact of the epidemic is “unprecedented in aviation history,” Thanh said.

Vietnam Airlines expects the number of passengers to decline by 2.5 million this year, and, as a result, revenues by VND12 trillion ($519 million).

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