MAll domestic carriers had undertaken pay cuts in staff salaries following the Covid-19-induced lockdowns that had resulted in a sharp drop in passenger traffic .
Indigo has announced that it will fully reinstate pilots’ salaries by November. All domestic carriers had cut staff salaries following the Covid-19-induced lockdowns that had resulted in a sharp drop in passenger traffic. Pilots’ salaries were cut by nearly 28 per cent at IndiGo during the period.
Business Today reached out to IndiGo for an official comment on the development late Monday evening. The story will be updated as and when they respond.
The country’s aviation industry has been one of the most impacted industries due to the depreciating rupee and imported inflation since the beginning of the Russian military action in Ukraine in February. Due to elevated crude prices, fuel accounts for approximately 50 per cent of the operational expenditure of an Indian carrier now.