Now its employees are also getting the benefit of Indigo Airlines coming from loss to profit. The airline has restored the annual increment of its more than 4,500 pilots. IndiGo recently reported a profit of Rs 1,422.6 crore in the December quarter after posting losses for nearly three quarters.
Now its employees are also getting the benefit of Indigo Airlines coming from loss to profit. The airline has reinstated the annual increment of its pilots. This means that the salary of the pilots of the airline will increase once again from the next financial year. Indigo had stopped the annual salary hike of its pilots after the economic crisis caused by the Corona epidemic. According to a report in Business Standard, the airline has restored annual increments to over 4,500 of its pilots.
Indigo Vice-President Ashim Mitra said in an internal mail sent to the employees, “The annual increment in the salary of Indian Captains and First Officers of Airbus and ATR Fleet, which was stopped due to the Corona epidemic, has now been reinstated from April 1.” will be done.” Explain that this increment for Indian Captains was Rs 10,000 thousand per month, whereas for Indian First Officers it was Rs 5,000 per month.
IndiGo registers profit after three quarters
Let us tell you that IndiGo has recently registered a profit of Rs 1,422.6 crore in the December quarter after being in loss for almost three quarters. During the December quarter, increased demand for air travel helped the company come out of losses. Indigo had earlier reported a profit of Rs 129.8 crore in the December quarter last year. In the first and second quarter of the current financial year, the airline had reported losses of Rs 1064 crore and Rs 1583 crore, respectively.
On the other hand, IndiGo’s total income in the December quarter stood at Rs 15,410.2 crore, compared to Rs 9,480.1 crore in the same quarter last year. Indigo CEO Pieter Elbers said that this is the highest ever income and profit recorded by the company in a single quarter.
What the CEO of IndiGo said on the results
Peter Albers said, “Our performance in the third quarter was driven by strong air travel demand, both commercially and financially. In addition, we also took a number of innovative steps to increase earnings, which are now starting to pay off. ” He said, “We have a modern fleet of 300 aircraft. With its help, many more are going to cover domestic and international destinations. This will help us to increase our growth.”
Slight rise in shares today
Meanwhile, shares of InterGlobal Aviation closed at Rs 2,045.35, up 0.19% on BSE today. The company’s shares have declined by about 3.26 per cent in the last one month. At the same time, its price has decreased by about 2.11% in the last one year.
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