IndiGo, the Indian airline has managed to attain financial stability post the challenges it had faced during the pandemic. In fact, the airline began recovering its losses in 2022 itself and has been going strong and steady in terms of performance. So much so that it has granted a one-time bonus to its employees!
This ex-gratia payment, equaling 1.5 times the monthly salary, will be paid to the employees along with their salaries for the month of May.
The airline began reporting profits in the third quarter of FY23 when air travel picked up with a vengeance post the pandemic. In the quarter that ended 31 December, Indigo posted a profit of Rs 2,998 crore. This was way more than the Rs 1,423 crore profit it earned during the same time the previous year. The profit after tax margin was 15.4 per cent.
IndiGo has also bought about 30 new aircraft for its fleet, spending about $9 billion on the same.
A month ago, the airline had revealed its intention to add at least one aircraft every week in the 2024-25 financial year. It had also expressed its intention to take on about 6,000 employees and also add ten destinations. Over the next six years, the airline seeks to have a fleet of over 600 aircraft. When it had placed an order for 500 aircraft in 2023, with Airbus, it was said to be the most enormous single aircraft order in aviation history at the time.
