PremiumThe coronavirus pandemic had significantly impacted the airline industry, and the operators had resorted to cost-cutting measures, including salary reductions, to manage their financials.
Listen to this article |
Air India will restore salaries to pre-Covid levels from 1 September. Apart from this, it has also decided to revise crew layover allowances and meal arrangements.
As reported by PTI, in the communication to the employees, Air India CEO and Managing Director Campbell Wilson said the airline "will be restoring the salary reduction for all employees with effect from September 1, 2022."
While the airline has much to do to return to profitability, "sunsetting most of the COVID measures is an important and welcome milestone", Wilson said.
The loss-making airline was taken over by The Tata Group on 27 January after successfully winning the bid for the airline on 8 October last year.
Earlier this year, Air India started restoring salaries to the pre-pandemic level in a phased manner. Queries sent to Air India remained unanswered.
The coronavirus pandemic had significantly impacted the airline industry, and the operators had resorted to cost-cutting measures, including salary reductions, to manage their financials.
After the pandemic hit, Air India cut flying allowance by 35 percent, special pay by 40 percent, and wide body allowance by 40 percent. Flying and wide body allowance of cabin crew members was cut by 15 percent and 20 percent respectively.
Tatas took over ₹15,300 crore of debt of Air India and Air India Express Ltd while the remaining ₹46,262 crore loan plus an outstanding of about ₹15,000 crore towards unpaid fuel bills were paid off by the government.
(With inputs from PTI)