Cebu Pacific execs to take pay cuts to avoid personnel layoffs

Officials of budget carrier Cebu Pacific have agreed to take pay cuts, in efforts to avoid laying off personnel due to losses brought about by the spread of the coronavirus disease 2019 (COVID-19).

"Senior management agreed to a pay cut as part of measures to mitigate challenges caused by COVID-19," Cebu Pacific spokesperson Charo Logarta-Logamon said in a mobile message.

Logamon declined to elaborate, but said that the measure "is the right thing to do."

The Civil Aeronautics Board (CAB) earlier on Monday said local airlines have registered drops of as much as 30% in February alone, in terms of passengers.

According to Manila International Airport Authority (MIAA) general manager Ed Monreal, drops have been registered both in terms of passengers and in terms of flight frequency at the Ninoy Aquino International Airport (NAIA).

For the figures in Manila, we keep on tracking the statistics, meaning the figures. We have seen approximately about 30% drop in terms of passengers and likewise 25% in terms of flight frequency," he said.

"Sumatotal sa isang buwan, noong Pebrero, bumaba tayo ng almost 476,000 passengers sa ating paliparan. That consists of arrival and departure, domestic and international. Mas marami ho ang international drop ng pasahero," added Monreal.

The Philippines over the weekend confirmed four new cases of COVID-19, bringing the total in the country to 10.

President Rodrigo Duterte has since signed an executive order declaring a public health emergency over the outbreak. —NB, GMA News