IndiGo recovering from Covid-19 induced aviation ‘carnage’, may rehire staff
Published On: Wednesday, December 23, 2020 | By: Team KnowMyStock
Shares of India’s biggest airline, Indigo gained more than 5 per cent today to Rs 1458, after Chief Executive Officer Ronojoy Dutta said it may start slowly rehiring staff in three months as capacity rebuilds from “the background of carnage” caused by Covid-19, with domestic services likely to return to pre-pandemic levels by January or February, Dutta said we are recovering pretty nicely, especially domestically and the recovery in international capacity will take longer due to quarantines and virus flareups in places such as the U.K., but the airline is hoping it will be back to normal levels by the end of 2021, according to Dutta. He also added “We are anxious to get back into the international game in a big way and we have lots of plans for rapid growth,” he said. IndiGo, has some 730 Airbus SE A320neo planes on order, laid off about 10% of its workforce due to the pandemic-driven slowdown.
The carrier, operated by InterGlobe Aviation Ltd., still sees “a lot of room” for growth in international routes, particularly those of about six hours duration that can be served by single-aisle narrowbody aircraft, Dutta said. India’s hubs are well positioned, he said.
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