SriLankan Airlines is effecting a pay cut for all staff as it suspends all flights from April 8 to April 21, in response to extensive travel restrictions imposed by many destinations.
In a statement on Thursday, the national carrier said the mandatory salary reductions will range from 2.5 per cent to 25 per cent for a period of three months.
It will also freeze all salary increments scheduled for 2020 and withhold remuneration for its board of directors.
Over the past two weeks, the national carrier has been operating only flights out of Colombo to London, Melbourne and Tokyo for stranded travellers and those in transit in Sri Lanka. These will cease too, leaving only cargo and emergency flights required by the government.
Airline chairman Ashok Pathirage was quoted in a local news website as saying that the company has funds to operate for the next three to four months.
“Our stakeholder (the government) has committed to support us. We have effected cost cutting measures and we are managing with bare minimum costs to pass through this difficult period,” he had said.