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Mexicana suspends international flights due to financial trouble
Published in Saudi Press Agency on 09 - 08 - 2010


Mexican airline Mexicana is to gradually
suspend its international flights due to a sharp fall in its income, dpa quoted
the firm as saying in a statement Monday.
Mexicana said several flights will be suspended Monday-Wednesday,
including some linking Mexico to Chicago; San Antonio, Texas;
Fresno, California; Madrid, London, Sao Paulo, Buenos Aires, San
Jose, Caracas, Bogota and Montreal.
"(Mexicana's) financial situation has deteriorated substantially
in the last week due to a series of events that have strangled the
cash flows the airline needs to finance its day-to-day operations,"
the statement said.
"One such event was IATA's decision to suspend the carrier's BSP
sales channel, forcing it to suspend the sale and issuing of tickets
indefinitely," the company complained.
Last week, Mexicana filed for legal protection to restructure its
debt "in an orderly way" and to cut down its costs. On Monday, the
airline warned that "flights will be reduced to a minimum."
Beyond IATA's moves, the company blames its crisis on trade unions
representing its employees. Mexicana says its pilots, for example,
earn 49 per cent more than the average on major US airlines.
The pilots, in turn, argue that wages only amount to 5 per cent of
the company's operating costs, and that Mexicana's management only
wants to replace the airline with its cheap flights subsidiaries
Click and Link, which have different labour conditions.


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