Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft deliveries from Boeing. The Dallas-based airline, which operates an all-Boeing fleet, has been reeling from the U.S. planemaker's ongoing safety crisis. Last week it warned of a hit to earnings as it expected to receive just 20 Boeing aircraft this year, less than one-fourth of its original plans.
By Rajesh Kumar Singh CHICAGO (Reuters) - Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft .
Southwest pilots face reduced hours, pay after Boeing delays staradvertiser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from staradvertiser.com Daily Mail and Mail on Sunday newspapers.
A captain flying on a commercial airline’s largest aircraft can bring home an average of $348,252 a year, based on recent pilot contracts that passed over the last year.