TACA to drop flights and employees

Central American airline TACA on Saturday announced it must let go of an unspecified number of cabin crew personnel because of cutbacks due to the economic downturn.

TACA will also cut back the number of flights and hold off on expansion plans, the company said in a statement.

It did not divulge the total number of employees affected by the cutbacks, but said work contracts will be terminated in several countries, with appropriate compensation packages following the laws of each country.