JAL executives to take 10% pay cut as coronavirus weighs on business

Japan Airlines Co. executives will voluntarily take a 10 percent cut in monthly remuneration from April to June as a cost-cutting measure after the global coronavirus pandemic forced it to sharply reduce flights, a source close to the matter said Thursday.For the summer flight schedule starting March 29, JAL will see over 80 percent of international flights reduced through the end of April compared to its initial plan as governments across the world restrict entry to curb the spread of the pneumonia-causing virus.JAL has also cut domestic flights as the spread of the virus has led to the po…READ FULL ARTICLE