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IndiGo, a popular low-cost airline in India, has announced a special bonus for its employees to recognize their exceptional performance in the fiscal year 2024. In the May 2024 salary, employees will receive a one-time bonus equivalent to 1.5 times their monthly salary, given as an ex-gratia payment.

Recognition for outstanding performance

This bonus comes as a token of appreciation for the dedication and hard work of the employees, especially during challenging times like the Covid-19 pandemic. IndiGo attributes the decision to its solid financial performance, marked by a significant recovery from pandemic-induced losses since the second half of 2022.

Since then, the airline has shown remarkable resilience and achieved strong financial results. In the third quarter of the fiscal year 2024, IndiGo reported a remarkable 110% surge in profits, reflecting a growing demand for air travel. Standalone profits for the quarter soared to Rs 2,998 crore, demonstrating a substantial increase from the previous year.

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IndiGo's growth

IndiGo's CEO, Pieter Elbers, highlighted the company's resilience and positive trajectory despite the challenges posed by the pandemic. He emphasized the airline's commitment to growth and innovation, exemplified by the recent announcement of acquiring 30 Airbus A350-900 aircraft, representing a significant investment of $9 billion.

Furthermore, IndiGo has secured options to purchase up to 70 additional Airbus aircraft, indicating its ambitious expansion plans. The airline anticipates commencing deliveries of its widebody Airbus A350-900 aircraft by 2027.

Overall, IndiGo's decision to reward its employees reflects its appreciation for their contribution to the company's success and resilience during difficult times. As the airline continues to strengthen its position in the aviation industry, employees remain integral to its growth and success.

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