The continued lockdown and travel restrictions in india to contain the Novel coronavirus (COVID-19) pandemic has impacted diverse sectors of the economy, and Aviation industry is one among the severely hit with all commercial passenger flights being suspended since march 25 drying its primary revenue sourceWith all commercial operations under suspension and grounded, the airlines sector is faced with financial crisis making it difficult to sustain.
The situation has pushed several airlines like the SpiceJet, air india Ltd., indigo, AirAsia india, Go air, etc. resort to pay cuts for its employees while keeping themselves afloat.SpiceJet, a budget carrier, will be paying part salaries for 92 per cent of its employees in april given its dwindling revenue source while ensuring that there are no layoffs
Airline had cut between 10-30 per cent salaries of its senior and mid-level employees in March. On the other, air india - a Government-run Airline, has cut 10 per cent salaries of its employees while AirAsia india has cut up to 20 per cent salaries of its senior employees. airlines such as GoAir and Vistara have sent its employees on leave without pay with indigo, however, deciding (last week) to roll back the pay cut announcement it had made earlier for its senior staff members for the month of april in deference to the "government's wishes"