Indigo's CEO cuts senior salaries up to 25 percent

New Delhi, Mar 19, 2020 Thursday

The Aviation sector has suffered the most economic blow due to the Corona virus. Indigo Airlines has decided to cut the salaries of its employees due to the shortage of passengers.

Indigo Airlines, the country's top insurance services company, has decided to cut the salaries of its senior employees and CEOs by up to 5%. In view of the widespread impact on the aviation sector due to the Corona virus crisis, company CEO Ranjay Dutta announced a reduction in the wages of all remaining employees, leaving the employees of the 'A' and 'B' category employees. This arrangement will come into effect from 1st April. The salaries of the 'A' and 'B' employees are already low and the highest number of employees fall under this category.

He himself informed that he was taking the highest pay cut of 5%. Also, senior vice-presidents (SVPs) or higher rank holders pay 8%, vice-presidents (VPs) and cockpit force members 5%, vice-presidents (AVPs) plus crew and 'D' category employees pay 5% and 'C' category employees. It announced that the cuts would apply. He emailed all the employees and said that the decision was taken to avoid the financial crisis in view of cash flow and risk of survival of the aircraft industry due to the huge loss in revenue of the company.