IndiGo’s median salary increase drops to 4.42% in 2023-24: Annual reports

The median salary at IndiGo increased by 4.42 per cent year-on-year (Y-o-Y) in 2023-24. This was lower than the 10.5 per cent Y-o-Y jump recorded in 2022-23, according to the airline’s annual reports.

Airline sources stated that the growth was higher in 2022-23 because the airline was normalising the remuneration of employees who had suffered salary cuts during the peak of the COVID-19 pandemic. They added that the median salary increase in 2023-24 at 4.42 per cent was closer to aviation industry standards. IndiGo did not respond to Business Standard’s questions on this matter.

The airline’s recent annual report also mentioned that the number of permanent employees increased by 13.7 per cent Y-o-Y to 36,860 in 2023-24. In 2022-23, the number of permanent employees saw a remarkable 23.9 per cent Y-o-Y jump to 32,407.

IndiGo’s salary and employee strength over the years

Financial year	Median remuneration increase (in %)	Number of permanent employees by the end of financial year	Increase in permanent employees (in %)
2017-18	-7%	18060	NA
2018-19	3.89%	23531	30.3%
2019-20	5.60%	27812	18.2%
2020-21	-4.72%	23711	-14.7%
2021-22	-0.50%	26164	10.3%
2022-23	10.50%	32407	23.9%
2023-24	4.42%	36860	13.7%