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JAL to implement 5% pay cuts, eliminate bonuses in 2010

Japan Airlines Corp plans to cut employee pay by 5 percent from April and eliminate bonuses in fiscal 2010 in an attempt to swiftly turn around its business, the Nikkei business daily reported.

Continental CEO to forego pay, bonuses until airline turns profit

CHICAGO - Continental Airlines Inc.'s new chief executive, Jeffrey Smisek, said Monday he won't take a salary or an annual bonus until the Houston airline records a full-year profit.

American Airlines doles out bonuses despite $375 million loss

American Airlines is bleeding money, and its unions say they are subsisting on peanuts in coach while corporate executives sip champagne in first class.

TWU: Powerful message was sent to AMR

The Transport Workers Union said Wednesday the organization believes a powerful message was sent Tuesday afternoon at a rally in which 350 union members turned up to picket outside the American Airlin

American Airlines’ unions upset over bonuses

FORT WORTH, Texas — Labor officials say executives with American Airlines' parent company, AMR Corp., shouldn't be taking bonuses when the airline is losing money and has performed poorly on a varie

Airline freezes bosses pay

Air New Zealand has frozen salaries of senior executives, halted bonus payments and is considering slashing jobs to compensate for soaring fuel costs and sliding passenger demand, according to an inte