Japan Airlines Corp. executives will forgo pay in December as Asia’s largest carrier heads for a fourth year of losses in five.
In Case You Missed It
The airline has also asked employees to give up their winter bonuses, Soichi Yatsugi, a spokesman at Japan Air, said in a telephone interview in Tokyo. Agence France-Presse reported the cut in executive pay earlier.
Japan Air has asked the state-affiliated Enterprise Turnaround Initiative Corp. for aid as it seeks to avoid collapse amid a travel slump. Company President Haruka Nishimatsu in September proposed cutting 6,800 jobs and carrying out the biggest reduction of routes in the airline’s history to help return it to profit.
subscribers.
