BENGALURU: IndiGo, India’s biggest airline, said it will cut 10% of its workforce as it grapples with declining revenues due to the fallout from the COVID-19 pandemic.
Airlines around the world have been hammered by a slump in travel demand due to restrictions aimed at containing the coronavirus outbreak, and few expect a quick recovery.
IndiGo in June said it would cut up to 40 billion rupees ($533 million) in costs and speed up the return of older planes to leasing companies.
“These cost savings are clearly not enough to offset the decline in revenues,” Ronojoy Dutta, chief executive of IndiGo, said in a statement.
