Hong Kong Airlines says its management executives will take a 20-percent pay cut for four consecutive months until December, as part of its cost-cutting measures to deal with a recent downturn.

It also called on its Hong Kong and mainland staff to take unpaid leave; four days a month for staff who are on or above managerial level and two days for lower ranked staff.

The airline said it had already cut flights in response to falling travel demand in the wake of, what it called, recent incidents in Hong Kong.

The company, run by mainland conglomerate HNA, didn’t say how much the company would save by bringing in the measures.

Earlier this month, the Travel Industry Council said there had been a sharp drop in the number of short-haul visitors to Hong Kong because of the anti-extradition protests.