After Spice Jet, now IndiGo has also initiated a cut in its employees’ salaries as the second COVID wave has hampered air traffic demand and revenues. Kapil Kaul of CAPA India shared his views.
“The salary cuts at IndiGo and what is happening at SpiceJet is on expected lines,” he said in an interview with CNBC-TV18.
“Because of the second wave of COVId-19, it is almost a washout quarter one for us and it will have a downside impact on Q2 as well,” he added.
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