New Delhi, May 2024.
Air India announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago.
Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, sources said.
Pilots will get an increase of ₹5,000 to ₹15,000 per month in their fixed pay. Also, they will be entitled to annual target performance bonus ranging from ₹42,000 to ₹1.8 lakh. This payout will be based on company and individual performance.
Similarly cabin crew will be paid annual performance bonus of around ₹25,000. Cabin crew will also get a standard salary increase for FY 25 effective from April.
Air India has around 18,000 employees.