IndiGo cuts salaries; SpiceJet stops overseas ops; AirAsia India halts fleet expansion, increments, hiring
IndiGoNSE -2.72 % will implement salary cuts of up to 25% across its workforce, following global airlines that have been forced to take such steps in the Coronavirus crisis.
The extreme step, taken by India’s largest and richest airline, is likely to be followed by its smaller, financially weaker peers, senior executives working with them said.
Elsewhere, AirAsia India’s CEO told staff at its Bengaluru headquarters that all the airline’s fleet expansion plans would be stalled. Rival low fare carrier SpiceJet temporarily suspended almost its entire international operations, following GoAir and Vistara.
