10% Layoffs At IndiGo, India's Biggest Private Airline

IndiGo will lay off 10 per cent of its staff, the airline said on Monday, saying that the coronavirus pandemic has forced it to re-evaluate its “best-laid plans”. The move by the country’s largest airline will impact about 3,000 jobs, as the carrier has a total strength of 30,000 employees, sources said. The layoffs by the country’s top carrier comes amid months of restrictions imposed by the government to curb the coroanvirus pandemic, which has affected the civil aviation industry, hurt crude oil prices and forced businesses across industries to trim operations.

“From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices,” said IndiGo CEO Ronojoy Dutta. “It is the first time in the history of IndiGo that we have undertaken such a painful measure,” he said.

“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,” the IndiGo CEO added.

Earlier this month, IndiGo – owned and operated by InterGlobe Aviation – had announced a 25 per cent discount on airfare to doctors and nurses till the end of 2020. 

Though airlines in the country resumed domestic operations on May 25 after a gap of two months, passenger loads – a key measure of an airline’s profitability – continue to be low.

InterGlobe Aviation had reported a net loss of Rs 871 crore for the quarter ended March 31, amid a nearly 76 per cent surge in repair and maintenance expenses. 

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