Frontier Airlines employees will have salaries reduced 1%-10% based on salary range as the carrier tries to manage its way through the Chapter 11 restructuring process. In addition to the pay cuts, Frontier is suspending for now its match to employee 401k plans. In an internal memo obtained by Denver television station 9NEWS, CEO Sean Menke told workers that the pay cuts are needed to reduce the overall cost structure and attract new financing. "As a point of necessity, we are going to have ...

Subscribe to Access this Entire Article

"Bankrupt Frontier to cut workers' pay, benefits" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.