IndiGo said it will give a one-time special bonus equal to 1.5 months’ basic salary. The decision comes ahead of the airline’s fourth quarter and full year results which are expected to be announced late next month and less than a week after the airline placed an order for 30 wide-body A350 aircraft.
Budget airline IndiGo on Thursday announced a special bonus for its employees. The decision comes ahead of the airline’s fourth-quarter and full-year results, which are expected to be announced late next month, and less than a week after the airline placed an order for 30 wide-body A350 aircraft Is.
In a message sent to employees, the airline said it will give a one-time special bonus equivalent to ‘1.5 months’ basic salary’, according to two sources.
You will get a special bonus
The bonus amount will be distributed as ex-gratia along with the May salary of the employees. IndiGo, which has a domestic market share of over 60 per cent, offers annual bonuses based on the company’s actual operational and financial results.
The airline has remained profitable for five consecutive quarters, and in the three months ending December 2023, its profit after tax more than doubled to Rs 2,998.1 crore.
In 2022-23, the airline’s wages, salaries and bonuses stood at Rs 4,190.294 crore. According to its annual report, it had 33,045 employees at the end of March 2023.
