Friday, May 19, 2023

IndiGo To Give 3% Bonus To Crew After Record Profit after 2nd Consecutive Profitable Quarter

IndiGo announces bonus of 3 per cent of salary to its crew after the airlines recorded a profit in January-March quarter. The company has logged in a second consecutive profitable quarter on Thursday. 

The airlines informed the cabin crew that a bonus amount equal to three per cent of their FY23 salary would be paid to them along with the May salary. 

The bonus was a tradition at IndiGo was stopped since FY2020 due to the pandemic’s impact on the business. 

“During the pandemic, we were incurring losses for 3 years. Hence crew bonus couldn’t be disbursed. Considering that last 2 quarters out of 4 in FY23 were positive for us - both operationally and financially, we are reinstating more than half of maximum 5% Crew Bonus which was being disbursed in pre-Covid years. As an appreciation for all your efforts, the Crew Bonus for FY23 will be 3% of your Salary for FY23,” the airline’s Chief Human Resources Officer Sukhjit Pasricha said in a note as per the ET report.

The bonus payout comes amid a financial profit that came with a record fourth quarter profit of Rs 919 crore. It is also seen as a move to attract and retain workforce as the airline steps up expansion plans. 

IndiGo has earlier announced that it will hire 5,000-6,000 employees in FY24 as it continues its expansion plan within India and overseas. 

19/05/23 Outlook

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