By Aditi Shah
By Aditi Shah
NEW DELHI, March 19 (Reuters) – India’s greatest airline IndiGo has lower the salaries of most staff by between 5% and 20% in response to the coronavirus outbreak, which has paralysed air journey and dented its revenues, an inside memo seen by Reuters mentioned.
Within the letter to its staff, IndiGo INGL.NS CEO Ronojoy Dutta mentioned the virus’ impression on the aviation sector has been significantly extreme and the corporate should scale back prices in step with the autumn in revenues.
“With the precipitous drop in revenues, the very survival of the airline trade is now at stake. We now have to pay cautious consideration to our money stream in order that we don’t run out of money,” Dutta mentioned. He mentioned he would take a 25% pay lower from April 1.
IndiGo didn’t instantly reply to an e mail searching for remark.
The coronavirus has contaminated greater than 218,900 individuals and prompted some 8,900 deaths internationally, triggering emergency lockdowns and injections…