Connect with us

Hi, what are you looking for?

News

PHL AirAsia starts bringing back ‘hibernated’ workers

Philippines AirAsia, Inc. on Thursday said it is gradually bringing its inactive employees back to the workplace to meet the growing market demand.

The low-cost carrier intends to gradually reintegrate around 432 employees who were placed under “hibernation” at the height of the public health crisis.

“What we want to assure our guests is that during the process of reintegration, there will be no shortcuts, and we will continue to uphold the highest standards of safety in all of our training and procedures,” Philippines AirAsia Chief Executive Officer Ricardo P. Isla said at a virtual briefing.

Nine out of 11 destinations on Philippine AirAsia’s network have opened their doors to leisure travelers. The aviation industry has been severely impacted by the coronavirus pandemic, which has resulted in widespread travel restrictions.

“The gradual activation will initially cover 15% of the hibernated work force, mostly pilots and cabin crew to undergo recurrent training starting this December, while the remaining 85% will be progressively integrated back into line during the first quarter of 2022 subject to market demand,” the airline said.

The passengers it carried in the third quarter had more than doubled to 181,342 from 67,672 in the same period a year ago, as destinations on its network eased their restrictions.

“We will continue to be cautiously optimistic by making sure we always strike a balance between cash burn and market demand,” Philippines AirAsia Chief Financial Officer Ray C. Berja said.

“Our goal has always been to double down on productivity to manage cash flow and operate on break-even points to efficiently manage cash burn,” he added.

The airline said it would “double and triple” its current weekly flight frequencies to most destinations such as Caticlan, Iloilo, Tacloban, Bacolod, Tagbilaran, Puerto Princesa, Kalibo and Cebu.

The low-cost carrier intends to retain its presence in Cagayan De Oro, Davao, Zamboanga, and General Santos. — Arjay L. Balinbin

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

The UK Government’s Flexible Working Taskforce has published practical guidance for employers designed to support hybrid working models, in a bid to help organisations...

Editor’s Pick

Becoming a franchisee gives people the chance to own a business in which they are invested and passionate – a stark contrast to working...

Editor’s Pick

Whilst we hear a lot about starting a business, it is not every day that we hear about leaving one. There are many reasons...

Editor’s Pick

There is no doubt that virtually every industry has experienced significant changes and shifts throughout the COVID-19 pandemic. Whilst the economy is steadily recovering...

Editor’s Pick

A prominent Tory peer has been accused of racism for allegedly saying that someone was “a waste of a man’s white skin”. Baroness Mone,...

Editor’s Pick

Abrdn has struck a GBP1.5bn deal to buy the online investment platform Interactive Investor, as the fund manager pushes into the increasingly popular realm...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

Editor’s Pick

London has beaten off competition from Paris and Berlin to become the highest ranked European city for property investment, according to a survey...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Respect Investment. All Rights Reserved.