Volotea faces cabin crew pay dispute amid financial pressure

0
  • Volotea cabin crew began talks on a first collective agreement.
  • The airline filed for preliminary creditor protection on 29 September 2026.
  • Volotea recorded negative net equity of €77.5m at the close of 2025.
  • The carrier is reducing its fleet from 44 to between 30 and 35 aircraft.
  • Approximately 50 corporate job redundancies are planned in Barcelona.

Cabin crew at Volotea have begun formal talks on a first collective agreement after more than ten years of frozen base salaries. Unions noted some pay rates sit at or below the minimum wage before variable supplements. The negotiations cover pay working hours rest periods and scheduling. The dispute comes as the airline remains in pre-insolvency proceedings and must repay state rescue funds.

Volotea filed for preliminary creditor protection in a Barcelona court on 29 September 2026. The airline recorded a negative net equity of €77.5m at the close of 2025. A temporary moratorium has allowed it to defer €49.3m in principal and interest obligations to 2028. The carrier anticipates a €33m net loss for 2026.

The carrier is reducing its active Airbus fleet from 44 aircraft down to between 30 and 35. The operational shrink will trigger approximately 50 corporate job redundancies at the airline’s main headquarters in Barcelona. Existing partners including Aegean Airlines provided a €15m capital increase as part of a wider €71m funding round.

Share.

Comments are closed.