Singapore Airlines Pilots Agree to Deeper Pay Cuts to Save Jobs

(Bloomberg) — Singapore Airlines Ltd. pilots have agreed to further pay cuts to remain in employment, the carrier said Saturday.



a screen shot of a video game: Instrument panels and screens are seen inside an Airbus SE A350 XWB full-flight simulator at the Airbus Asia Training Centre (AATC), a joint venture owned by Airbus and Singapore Airlines Ltd., during a media tour at the Seletar Aerospace Park in Singapore, on Tuesday, June 20, 2017. Airbus announced on the eve of the Paris Air Show formalized plans to upgrade its A380 superjumbo with fuel-saving winglets as the European planemaker seeks to revive sales of the flagship model.


© Bloomberg
Instrument panels and screens are seen inside an Airbus SE A350 XWB full-flight simulator at the Airbus Asia Training Centre (AATC), a joint venture owned by Airbus and Singapore Airlines Ltd., during a media tour at the Seletar Aerospace Park in Singapore, on Tuesday, June 20, 2017. Airbus announced on the eve of the Paris Air Show formalized plans to upgrade its A380 superjumbo with fuel-saving winglets as the European planemaker seeks to revive sales of the flagship model.

The city-state’s flag carrier and the Air Line Pilots Association – Singapore reached the agreement Friday and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from Oct. 1. The deal will help to mitigate further job losses for pilots, it

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Lufthansa CEO Prepares Staff for Deeper Job and Fleet Cuts

(Bloomberg) — Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out.

Recent rules that forced travelers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting on Tuesday, according to people in attendance. For October, seat reservations stand at less than 10% of year-ago levels, said the people, who asked not to be named discussing comments that weren’t publicly made.



a man wearing a suit and tie: Deutsche Lufthansa AG CEO Carsten Spohr Unveils Airline's New Logo


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Deutsche Lufthansa AG CEO Carsten Spohr Unveils Airline’s New Logo

Carsten Spohr

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A surge in European virus cases has forced Europe’s biggest airline to tear up its recovery plan and pare back its ambitions to cope with the deteriorating outlook. Lufthansa, which accepted a 9 billion-euro ($10.7 billion) German bailout in early June, now expects a recovery

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