Tag: Cost-Cutting
Malaysia Airlines embarks on urgent restructuring
Malaysia Airlines (MAB) will be undergoing a comprehensive restructuring of its business and capital structure, and has reached out to its lessors, creditors, and...
Airlines make deeper capacity cuts
Further capacity cuts have been ordered by Singapore Airlines (SIA), Qantas, Jetstar and Air New Zealand (Air NZ) as travel demand plunges even further...
SIA freezes hiring; may ask staff to take no-pay leave amid...
Singapore's flag carrier Singapore Airlines (SIA) has imposed a hiring freeze and is deliberating other measures, including asking staff to go on voluntary no-pay...
Struggling HK Airlines sacks 170 staff, ditches amenities from flights
Hong Kong Airlines (HKA) has started sacking staff last week following a challenging few months of poor performance, as prolonged civil unrest in Hong...
A streamlined Sabre records 96.1 per cent growth in 3Q profit
On the back of a major cost-cutting exercise, Sabre Corporation has released its 3Q2017 financial results showing a revenue of US$900.6 million, up 7.3...
