India’s largest passenger airline, IndiGo will cut 10 percent of its workforce to ensure that the company is able to navigate through the impact of Covid-19.
“The current pandemic has impacted many industries around the world, amongst which aviation has been one of the sectors that has been impacted the hardest. Even now, IndiGo is flying only a small percentage of its full fleet of 250 airplanes,” said IndiGo’s CEO, Ronojoy Dutta in a statement issued by the airline.
The move comes after IndiGo had already implemented several measures such as Pay Cuts, Leave Without Pay and various other costs.
However, the airline says that these cost savings were not enough to offset the decline in revenues.
IndiGo had a fleet of 262 aircraft as of 31st March 2020.
The LCC offered 1,674 peak daily flights during Q1 2020 and connected 62 domestic destinations and 24 international destinations.
IndiGo had a market share of 48.9% as of March, 2020.
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