Indian carriers implement fresh round of pay cuts for staff
Mumbai: India’s carriers are implementing fresh rounds of pay cuts in July as demand continues to be low and margins battered in to the Covid-19 pandemic.
IndiGoNSE 0.81 % is slashing salaries of some pilots by over 45%, said a person close to the know. In a letter to employees, a senior executive informed them of more leaves without pay.
Vistara announced a fresh top down 5%-20% pay cut for 40% of its staff, according to a spokesperson at the airline.
AirAsia India will continue to cut its pilot salaries by 40% in July while GoAir will keep implementing its ongoing scheme of leaves without pay for over 90% of its staff, said senior executives at the two airlines.
