InvestorQ : How aviation companies like Spice, Indigo and Go Air are coping with the COVID-19 driven slowdown across the world?
Neelam Naik made post

How aviation companies like Spice, Indigo and Go Air are coping with the COVID-19 driven slowdown across the world?

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Priyanka N answered.
1 year ago
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The pressure is certainly severe and the pay cuts and benefit draw downs have already started. Spice Jet will cut salaries of all employees by 10-30% with cuts being graded according to the pay scale. The lockdown has grounded all domestic international flights while costs continue to remain sticky in the midst of the 21-day lock-in. Among other airlines, Indigo and Go Air have also announced similar measures. Go Air will also extend salary cuts for all employees in a progressive manner. Indigo has cut salaries by 25%.

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