Mexicana Airlines reached a cost-cutting agreement with its pilots that the carrier said will lower expenses by $50 million annually. Reuters reported that the more than 800 pilots agreed to benefit cuts, including lower overtime pay and a shortening of vacations, in exchange for pay raises in each of the next four years. The wage increases will be calculated by taking the rate of inflation and adding one percentage point.
Subscribe to Access this Entire Article
"Mexicana, pilots agree on cost cuts" 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.