Coronavirus sees India's biggest airline cut employee pay: internal memo [Reuters]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
Company Research
Source: Reuters
Coronavirus sees India's biggest airline cut employee pay: internal memo NEW DELHI (Reuters) - India’s biggest airline IndiGo has cut the salaries of most employees by between 5% and 20% in response to the coronavirus outbreak, which has paralyzed air travel and dented its revenues, an internal memo seen by Reuters said. In the letter to its employees, IndiGo ( INGL.NS ) CEO Ronojoy Dutta said the virus’ impact on the aviation sector has been particularly severe and the company must reduce costs in line with the fall in revenues. “With the precipitous drop in revenues, the very survival of the airline industry is now at stake. We have to pay careful attention to our cash flow so that we do not run out of cash,” Dutta said. He said he would take a 25% pay cut from April 1. IndiGo did not immediately respond to an email seeking comment. The coronavirus has infected more than 218,900 people and caused some 8,900 deaths across the world, triggering emergency lockdowns and injections of
Show less
Read more
Impact Snapshot
Event Time:
SINGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SINGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SINGY alerts
High impacting SINGAPORE AIRLNS UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SINGY
News
- Airlines Add Perks, Meals And Chance To Win 500,000 Miles This Fall [Forbes]Forbes
- You Can Now Get One Of The Best Champagnes 30,000 Feet In The Air [Forbes]Forbes
- The world's longest-range, single-aisle plane is poised to shake up transatlantic travel [CNN]CNN
- The world's longest-range, single-aisle plane is poised to shake up transatlantic travel [CNN]CNN
- Asia's airlines blame supply chain woes for disrupted operations [Yahoo! Finance Canada]Yahoo! Finance Canada