Thai AirAsia suspends flights, cuts salaries as financial woes continue

As Thailand’s airlines continue to struggle with the financial fallout from Covid-19, Thai AirAsia has suspended all flights for this month. The carrier is also cutting staff salaries or deferring partial or whole payment until September. According to a Bangkok Post report, the airline’s financial woes are worsening as low passenger numbers show no sign of improving and cash flow has taken a hit.

Following curbs on domestic travel introduced last month, TAA grounded its fleet and says flights will remain suspended after it failed to obtain a loan. As is the case with all domestic carriers, TAA is dealing with worsening liquidity problems, which is having an impact on staff salaries.

The Bangkok Post reports that TAA has been forced to defer the payment of some salaries, either partially or entirely. It’s understood that executive salaries from July will not be paid until…