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Pay Cuts

Delta Air Lines Pilots Vote To Take Pay Cuts in Deal That Avoids Furloughs

Reuters | Equities.com |

Delta Air Lines Inc pilots voted in favor of a deal that avoids furloughs through Jan. 1, 2022 in exchange for pay cuts, a union representing the pilots said on Wednesday.

The 1,713 Delta pilots, who were expected to be furloughed on Nov. 28, will now receive a partial pay of 30 hours a month along with medical benefits and vacation accrual, while they stay off their jobs.

“I don’t think there is any better way to welcome in the Thanksgiving season than with the achievement of protecting all our pilots from furlough,” Delta’s head of flight operations John Laughter said in a memo addressed to employees.


KLM Pilots Agree To Pay Cuts To Secure Multibillion Euro Bailout

AP News | Equities.com |

Pilots with Dutch national airline KLM agreed Tuesday to accept pay cuts for as long as the carrier needs a multibillion euro government coronavirus bailout, the pilots union and KLM announced.

The decision clears the way for the government to agree to free up the next instalment of a 3.4 billion-euro ($3.96 billion) lifeline to help KLM survive the sharp downturn in air travel amid the pandemic. The package is made up of a 1 billion-euro loan and 2.4 billion euros in guarantees for bank loans.


Southwest Airlines CEO Kelly Says Company Can Avoid Layoffs Through 2021 With Pay Cuts

Reuters | Equities.com |

Southwest Airlines can avoid furloughs and layoffs through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly said in a message to employees on Monday that detailed the devastating impact of the COVID-19 pandemic on the industry.

Rivals American Airlines and United Airlines began furloughing 32,000 employees last week when a ban on job cuts expired without fresh federal aid. Southwest, which has never furloughed any workers, h...


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