The CEO of JetBlue has decided to lower his salary from $500,000 to $250,000 for the remainder of the year due to the worsening airline economy. They have also put a hold on route expansions and receiving new aircraft.
Even though $250,000 per year can still go quite far and it is only for 6 months or so, I think it does show a lot when a CEO is willing to suffer a little bit with the rest of their employees.
Source: The Guardian Image: Flyian
EDITOR-IN-CHIEF & FOUNDER - SEATTLE, WA. David has written, consulted, and presented on multiple topics relating to airlines and travel since 2008. He has been quoted and written for a number of news organizations, including BBC, CNN, NBC News, Bloomberg, and others. He is passionate about sharing the complexities, the benefits, and the fun stuff of the airline business. Email me: david@airlinereporter.com
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