New Delhi: Air India has reduced its salary bill by more than 50% to Rs 120 crore a month since April in an attempt to stay afloat amid the Covid-19 pandemic, which has hit the aviation sector particularly hard.
The struggling national carrier’s salary bill was about Rs 230 crore per month till April. “The reduction has come through various initiatives carried out by the airline. These initiatives will continue till normal operations resume,” said an Air India official, who did not wish to be identified.
Officials said Air India managed to reduce its salary bill drastically through up to 15% pay cuts of employees, reduction in flying allowance to pilots and removal of people on contract after retirement.
