Thai AirAsia suspends flights, cuts pay packets

Thai AirAsia (TAA) has suspended all flights this month and deferred paying its staff either wholly or partially until September.

The airline, regarded as one of the most robust domestic carriers, has faced a financial crunch from consistently low passenger volumes since the Covid-19 pandemic began early last year. All domestic airlines including this one also suffer from a lack of cash flow.

The airline stopped flying after the restrictions were launched last month. It says all flights will stay grounded for now after efforts to secure loans were in vain.

Another factor in the decision to keep flights grounded is that the latest lockdown order includes travel restrictions.

The wider aviation business in the country is also facing…