Cebu Pacific execs take pay cut to save jobs from COVID-19 losses

Officials at budget carrier Cebu Pacific agreed to take pay cuts to avoid laying off personnel due to losses caused by the spread of COVID-19.

Cebu Pacific spokesperson Charo Logarta-Logamon said senior management took a voluntary pay cut, describing it as 'the right thing to do'.

According to the Civil Aeronautics Board (CAB), local airlines experienced passenger drops of up to 30% in February alone.

Manila International Airport Authority general manager Ed Monreal reported declines in both passengers and flight frequency at Ninoy Aquino International Airport.