Saturday 15 August, 2020

WINAIR engages in cost cutting measures due to COVID-19

COVID-19 has taken a toll on the finances of Windward Islands Airways International (WINAIR).  

The government-owned airline in Sint Maarten has since engaged in several cost-cutting measures.  

WINAIR in a statement says the current shutdown of routes has resulted in a near-total loss of all revenue, making it most critical for the airline to assess itself financially in order to remain in existence post-COVID-19.  

To meet these challenges the company has implemented a 25 percent pay reduction effective April 2020.  

It says the salary reduction is across the board and includes the Supervisory and Executive Boards, management and staff. Additionally, bonuses and allowances to management and staff have been discontinued and were placed on mandatory two-week vacation immediately after cessation of the airlines’ operations.  

WINAIR says it has also renegotiated or reduced its handling costs in all 14 destinations it serves by 20 to 30 percent, redistributed its fuel costs, renegotiated airline leases and received discounts on key components on these leases.  

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The airline is also in negotiations with the Princess Julianna International Airport (PJIAE) to find the best solutions in these cash crunching times.  

The company has applied for payroll support from the government of Sint Maarten and has reached out to all destinations, Tourist Departments and Government Authorities to coordinate cost reductions and discounts to WINAIR and its customers.  

WINAIR states it is also working with all regional airports to achieve cost reductions for flights operated by the company.  

Moving forward WINAIR says it will proceed with enhanced safety protocols by providing personal protective equipment to ensure the safety of its employees and reengineering its facilities to conform with ongoing safety protocol. 

WINAIR adds it will continue to seek ways to reduce operating costs for its limited restart when it is safe and prudent to do so.  

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