Bankrupt airline Avianca paid $6 mm in executive bonuses during pandemic

Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives $6 mm 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 took more radical payroll cutting measures than its rivals, asking the majority of its 20,000 employees to take unpaid leaves.

Source: Reuters