(Bloomberg) --
Etihad Airways will extend the period of reduced pay for its staff until the end of this year although at a lower rate as the Abu Dhabi carrier seeks to offset the impact of the coronavirus.
Salaries will be cut 10% from this month and Etihad has reintroduced staff allowances, according to a statement. That compares with an earlier reduction of 25% to 50%.
Reuters reported the changes in salaries earlier.
The state-owned airline, which posted a first-half loss of $758 million, had cut thousands of jobs after the pandemic prompted governments to shut their borders and airlines to ground their fleets.
Separately, Dubai's Emirates airline said it'll fully restore staff salaries from October.
| Read more |
|---|
| Etihad Airways Half-Year Loss Widens Amid Border Closures |
| Airlines Bleed Cash as Jets Half Empty, Long-Haul Still Grounded |
| Aviation Job Losses Could Approach a Half-Million by Year's End |
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
