Icelandair forced to lay off 240 employees amidst Corona outbreak

The Corona virus outbreak (COVID-19) has forced Icelandair to take major steps in order to cope with the decreasing demand for travel, as well as regulate cash flow. The company has decided, in a series of steps to cut costs, to lay off a total of 240 employees and reduce working hours for 92% of its employees.

In an additional attempt to restrict costs, the company has also issued 20% salary cuts for all fulltime employees, 25% pay cut for company executives and a 30% pay cut for the CEO and all board members. The airliner is also utilizing passenger baggage space to load cargo (20 tons of cargo aboard Boeing 767 planes), which might otherwise be left empty, due to fewer number of passengers. CEO of Icelandair Cargo Gunnar Már Sigurðsson stated:

“We manage to fit 10 tons of cargo on board Boeing 757 aircraft. This is an unusual situation.”

Icelandair SuspendingStaff WebQuote - Travel Radar - Aviation News
Figure 2 – Notice on Icelandair website

The company website has listed many changes to flight schedules and steps to facilitate travel for customers. “Our priority is to secure robust operations of Icelandair Group for the future. The measures we announced today are difficult but necessary to mitigate the impact of the situation on the Company’s operations and cash flow”, said Icelandair CEO Bogi Nils Bogason.

Flight operations, is not the company sector to take a hit by the prevailing conditions. The company has terminated operations (temporarily) for several of its hotels across the country, owing to the less number of incoming customers. The managing director, Magneu Þóreyjar mentioned “it has become pretty quiet in the hotels and therefore these measures have been taken”. Earlier an employee was also diagnosed with the Corona virus, in one of Icelandair’s hotel on Lake Mývatn.
Icelandair has suffered by the atmosphere created by the worldwide pandemic and the company says it is taking all necessary actions to prevent further losses. The airliner is also assessing supplier contracts in an effort to cut costs where possible.

Do you think this is the right decision? Let us know in the comments below.

Subscribe to our Weekly Digest!




More News

British Airways Introduces Next-Generation Weather Apps To Optimise Flight Operations

British Airways recently announced the introduction of two newest...

Employment in Aviation. What is the Situation?

As we know, employment in aviation has taken a...

Guilty Pleas: Russian Nationals in US Aviation Parts Smuggling Case

Two Russian nationals residing in Miami-Dade County, Florida, have...
Travel Radar
Travel Radarhttps://travelradar.aero/
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]

1 COMMENT

LEAVE A REPLY

Please enter your comment!


>
Wordpress themeseotakipçi satın alankara implant fiyatları11yol kapanıpassport psdbatman evden eve nakliyatbalkon köşe takımılastik patlatanevden eve nakliyatkartal evden eve nakliyatfatih antika eşya alanlarfenerbahçe antika eşya alanlarnakliyatantika alanlarantika alanlarwoocommerce baselJannah themeeskişehir inşaat şirketlerieskişehir uydu tamirkitap alanlarantika alanlarantika alanlarseoEskişehir uydueşya depolamapgcdpgcdpmsaAccident Lawyertuzla evden eve nakliyatAntika alan yerlergaziantep evden eve nakliyateskişehir saç protezihayır lokmasıtuzla evden eve nakliyatodunpazarı emlakhayır lokmasıpendik evden eve nakliyatgölcük evden eve nakliyatgölcük evden eve nakliyatistanbul evden eve nakliyatankara evden eve nakliyatporselen kaplama dislerankara diş estetiğidiş teli tedavisimersin evden eve nakliyatEtimesgut evden eve nakliyattuzla asansörlü nakliyatkartal evden eve nakliyatgebze evden eve nakliyatankara evden eve nakliyatankara parca esya tasımaankara gülüş tasarımıankara gülüş tasarımıankara implant fiyatlarıniğde evden eve nakliyatvozol 12000puffistanbul saç ekimiankara çıkışlı günübirlik turlarEtimesgut evden eve nakliyatEtimesgut evden eve nakliyatkadıköy evden eve nakliyatmersin evden eve nakliyatçankaya evden eve nakliyatankara parca esya tasımamaltepe evden eve nakliyattuzla evden eve nakliyatankara implant fiyatlarıankara gülüş estetiğiyenimahalle evden eve nakliyaten yakın çekiciAntalya Çitseo çalışmasıistanbul hayır lokmasıata şehir evden eve nakliyatmaltepe evden eve nakliyatüsküdar evden eve nakliyatkepenk tamiriİstanbul evden eve nakliyatmaldives casinospoodleistanbul hayır lokmasıKartal evden eve nakliyatçankaya evden eve nakliyatataşehir evden eve nakliyatankara ofis taşımacılığıboğazda özel tekne kiralamadiş eti ağrısıtuzla nakliyateryaman evden eve nakliyateskişhir uydu servisieskişhir uydu servisiblog.timeisworth.compoodlepomeranianzibilyonbet girişraydium market idGaziantep Evden Eve Taşımacılıkdextools trendingdextools trending botdextools trending costdextools trending servicedextools trending algorithmdextools botcoinmarketcap trendingcoinmarketcap trending botpinksale trendingpinksale trending botpancakeswap botuniswap botpancakeswap sniper botuniswap sniper botfront running botfront run botmev botzibilyonbet girişLibraNewsHair Transplantyks kitaplarıdextools botdextools trending algorithmEtimesgut evden eve nakliyatankara gülüş tasarımıbatman nakliyatmersin nakliyatköpek ilanlarımersin evden eve nakliyatankara evden eve nakliyatMedyumeskişehir uydu servisimersin evden eve nakliyatetiler antika alanlarataşehir antika alanlargalabeteskişehir emlakAnkara implant fiyatlarıİstanbul mevlid lokmasıbatman evden eve nakliyattuzla evden eve nakliyatçankırı evden eve nakliyatderince evden eve nakliyatankara evden eve nakliyatankara ofis taşımacılığıankara asansörlü nakliyatankara eşya depolamamersin evden eve nakliyatboerboel yavrupomeranian ilanlarımarsbahiscasibomcasibomcosmetic surgery turkeyEtimesgut evden eve nakliyattuzla evden eve nakliyattarsus evden eve nakliyatçankaya evden eve nakliyatkeçiören evden eve nakliyatbaby socksortodontigoogle adskeçiören evden eve nakliyatsancaktepe evden eve nakliyatgülüş tasarımıEskişehir yabancı dil okulu
deneme bonusuCasinoslot girişbig bass bonanza oynaAviator oynasugar rush oynasweet bonanzagates of olympus oynaBahisnowcasibom girişCasinoslotwild west gold demo oynaredbullholdenracing.comdenemebonususiteler.commarsbahisMatadorbetMatadorbetEscortSaatlik escortManisa escortGümüşhane escortfethiye escortDeneme Bonusu Veren SitelerDeneme Bonusucasibomcasibom girişŞişli escortizmir escortDenizli escortMalatya Escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortkadıköy escortcialisViagraBahis siteleriEsenyurt escortmasözmasözantalya escortcasibombonusbetturkeyfixbetdeneme bonusu veren sitelerdeneme bonusu 2024casibombets10jojobet girişpusulabetbetmatik twitterbaywinGrandpashabetcasibomholiganbetbettilt girişcasibom girişslot sitelerisekabetbetmatikbetkanyonsekabetholiganbetbetmatikcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomJetbahishitbetsahabetsahabetbettiltvdcasinoilbetcratosroyalbettümbetbaywindinamobetelexbetsekabetbetkanyonbetmatikbetinetumbetrexbetgrandpashabet girişgrandpashabet twittergrandpashabetmarsbahisslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahisqueenbetmadridbetartemisbetcasibommariobetgrandpashabetBetsatBetturkeybetkomcasibomEsenyurt EscortBursa EscortErzincan EscortKayseri EscortMuğla EscortAlanya EscortBahçeşehir Escortcasibomgrandpashabetcasibombetsatbets10holiganbetbaywinMaltcasinohacklinkNisanbetmatadorbetBetturkeyBetofficemarsbahiscasibombets10vbet giriş