The Hindu Business Line : Kingfisher Airlines to cut salaries of trainee pilots

New Delhi, Oct. 18 The slowdown in the domestic aviation sector and the resultant cut back in flights continues to hurt employees of various airlines. On Saturday, Kingfisher Airlines announced that it will revise downwards the emoluments of 50 trainee co-pilots.

In a statement the airline said these trainee co-pilots will continue to remain on the payrolls of the company. “These trainee co-pilots will all continue to enjoy and be able to avail themselves of the full benefits and privileges available to the employees of the company including medical benefits and travel privileges,” the airline statement adds.

In the domestic aviation industry, wage bill is the second most important cost head after fuel and accounts for between 20-25 per cent of the total operating cost of most airlines.

Less than a month back, the airline had announced that 300 of its employees had parted ways with the company, leading to an annual saving of about Rs 5 crore.

The revision in salaries of trainee co-pilots is one in a series of steps being taken by Kingfisher airline to overcome the slowdown in the sector and cut costs.

The airlines has already entered into an alliance with Jet Airways, which is to see the two code-share on domestic and international flights apart from looking at various other ways to curtail expenditure.

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Kingfisher Airlines to cut salaries of trainee pilots