SAO PAULO: Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives US$6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.
"Avianca is facing the most challenging crisis in our 100-year history," van der Werff said at the time. In court filings, it also said its key executives would have sought employment elsewhere without the extra pay.During the pandemic, Avianca took more radical payroll cutting measures than its rivals, asking the majority of its 20,000 employees to take unpaid leaves. Its main rival LATAM Airlines Group slashed employees by half instead.
On Mar 18, just days after the coronavirus pandemic led to the cancellation of almost all air travel in Latin America, van der Werff and Neuhauser received US$3 million in bonuses combined.
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