Bangkok Airways announces expense reduction plan amidst external crises

Bangkok / 28 February 2020 (Today) – Bangkok Airways Public Company Limited announces measures to reduce expenses in response to global economic slowdown and COVID-19 epidemic.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways stated "Due to the economic downturn and the outbreak of COVID-19 affecting various industries worldwide particularly the tourism and aviation sectors, Bangkok Airways has reviewed and adjusted its strategic plan in response to the current crises. The plan includes measures to reduce expenditure for the airline in order to continue effective business operations. The expense reduction measures will be effective from 1st March 2020 until further notice."

The expense reduction plans will include;

1. A decrease in flight frequency as well as flight termination on certain routes in response to current passenger demand
2. The CEO/president of the company as well as the Executive Vice President of Corporate Administration and Senior Vice President of Finance and Accounting will have a 50% salary cut
3. Head of departments will not receive any salary increment for 2020
4. Certain benefits for all management and employees are to be reduced
5. All station managers (overseas and Thailand) to return to Bangkok station
6. All staffs are required to leave without pay from 10 – 30 days depending on job levels

The airline confirms that the expense reduction measures will not affect aviation and flight operation safety standards and passenger services.