India's biggest airline to cut 10% of staff | Eurasia Diary - ednews.net

4 August, Tuesday


India's biggest airline to cut 10% of staff

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Indian airline IndiGo has become the latest carrier to reveal how hard it has been hit by the collapse in demand for flights due to Covid-19, EDNews.net reports citing BBC.

The country's largest airline said it will shed 10% of its staff as it grapples with a slump in revenues.

Last month, IndiGo said it would cut up to 40 billion rupees ($533m; £420m) in costs.

Airlines across the world have been hit hard by coronavirus-related travel restrictions.

In a letter to investors IndiGo's chief executive Ronojoy Dutta said: "It is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations."

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