Business & Tech
Southwest Airlines CEO Gary Kelly Taking Pay Cut As Coronavirus Fears Cause Drop In Bookings
Officials with Southeast say Kelly sent an internal memo to employees on March 9.
DALLAS (CBSDFW.COM) – Saying that the coronavirus has caused a severe recession in the airline industry, Southwest Airlines CEO Gary Kelly announced that he will take a 10% pay cut as fears about the virus spread and airline bookings continue to decline.
Officials with Southeast say Kelly sent an internal memo to employees on March 9 that “focused on the financial crisis the coronavirus has imposed” on the company and the entire airline industry.
