Ref. Ares(2022)4274243 - 09/06/2022
CONFIDENTIAL
season unless alleviation can take place. We have just announced a six month delay in the launch of
our new London Heathrow to Sao Paulo service.
A waiver would enable us, and other airlines, to respond to the drastic reductions in demand we are
experiencing, reducing frequencies and consolidating services with low load factors. Given the
unpredictable and dynamic situation, the industry needs an immediate waiver, for the full summer
season, to ensure we have the flexibility to continue to respond. As well as reducing our costs at this
difficult time, it would also reduce unnecessary carbon emissions as a result of operating aircraft with
low load factors.
We are doing all we can to address this challenge. We have announced a number of measures today
including temporary reductions in pay for all senior leaders, requesting unpaid voluntary leave from our
people, a freeze on recruitment, deferring annual increases in pay, and cancelling all non-essential
training and travel, in order to rapidly reduce costs. I am personal y taking a temporary 20% pay cut.
We should recognise the situation is likely to worsen before it improves, which is why we need to secure
slot alleviation as soon as possible. If you would like to discuss this matter further, I am available at
your earliest convenience.
Yours sincerely,
Cc.
Cc.