Coronavirus Crisis: IndiGo Cuts Senior Employees' Pay, CEO Takes 25% Hit

"With the precipitous drop in revenues, the very survival of the airline industry is now at stake," the IndiGo CEO wrote in an email to the airline's staff. "We have to pay careful attention to our cash flow so that we don't run out of cash." The CEO, who himself took a hit of 25 per cent in his pay, also wrote to IndiGo employees that he know how hard it is for families to take a cut in "take home pay". "With a great deal of rel...