Home Business India's Biggest Airline IndiGo to cut 10% of staff

India’s Biggest Airline IndiGo to cut 10% of staff

The Indian aviation sector is among the worst hit by covid-19. Country’s biggest airline IndiGo said it will cut 10% of its staff as it suffers with a slump in revenues.

Indigo last monrh said it would cut upto 40 billion rupees in operational costs.

Indigo’s Chief Executive Ronojou Dutta said it is impossible for the company to fly through this economic storm without making sacrifices.

The airline, which has been grounded for several months as India imposed a strict lockdown, employs around 24,000 people which suggests some 2,400 jobs are on the road .

According to the company’s own figures it’s India’s biggest passenger airline with a market share of 48.9% as of March this year and had been profitable for 10 years during a row.

The latest announcement on airline job cuts comes as carriers round the world are expected to ascertain their worst year on record.

Last month, a worldwide aviation industry body warned that the slump in travel caused by the coronavirus will drive airline losses of quite $84bn (£66bn) this year.

The International air transportation Association (IATA), which has 290 member airlines, said revenues would drop to $419bn, down 50% compared to last year.

Coronavirus-related cost-saving measures have also led to airlines cutting the planes they operate.

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