IndiGo Announces Pay Cuts

IndiGo CEO Ronojoy Dutta announces pay cut for all employees, will himself take 25 per cent cut in salary. "With precipitous drop in revenues, the very survival of airline industry now at stake," Dutta said while announcing pay cut. Dutta added that senior vice presidents and above are taking 20 per cent pay cut; vice presidents, cockpit crew taking 15 per cent pay cut.