After incurring losses for about three quarters, IndiGo has finally made a profit. As a result, the airline has restored the yearly increments for 4,500 pilots. The increments will come into effect starting 1 April 2023.
The airline is flying at least 1,600 flights every day and more pilots are being trained to fulfil the surge in demand for flights. Business has certainly been looking up with the demand for air travel going post lifting of COVID-related restrictions.
This is, therefore, the right time to restore increments. For captains, the increment is Rs 10,000 per month, while for first officers in India, it is Rs 5,000 per month.
Since November 2022, the pilots’ salaries have been restored to what they were before the pandemic.
However, certain allowances still remain curtailed, such as the allowance for red-eye flights. Some instructor allowances haven’t been revised either. A revision of salaries of first officers of ATR aircraft is also on the cards.
IndiGo posted net profits of Rs 1,422 crore in the third quarter of the financial year 23. In other words, for the October to December 2022 period, Indigo’s profits increased 996 per cent yearly. The net profit for the same period in the year before that was only about Rs 129 crore.
The airline presently has a fleet of about 300 aircraft, with plans to add to the capacity nationally and internationally.
