AirAsia X reduces headcount by 10%, planning additional reductions

AirAsia X reported (20-May-2021) it will not be able to restart scheduled operations until there is an easing of travel restrictions and a gradual reopening of international borders. In order to maintain liquidity, the carrier has sought payment deferrals and concessions from suppliers, lessors and lenders and reduced capital expenditure "wherever possible". Salary reductions have been implemented across all levels of the company, apart from the most junior staff, and headcount has been reduced by 10%. Further employee reductions are planned, primarily in the flight operations related functions. [more - original PR]