SEATTLE, Wash. — Alaska Airlines is cutting its flights by 70% in April and May and slashing executive pay as it struggles with a huge drop in air travel…
The airline says its CEO and president won’t be paid anything and Horizon Air’s president will see a 50% pay cut through September as it tries to conserve cash amid the coronavirus outbreak.
Other executives will also see a big cut in pay.
Alaska says it and other airlines are seeing demand for flights drop by more than 80% and that flight schedules for June and beyond will be based on demand.
It’s also asking employees to take voluntary furloughs during which they would still receive health and travel benefits.