AirAsia India has cut the April salary of its staff by up to 20 per cent to tackle the airline’s finances amid the suspension of all commercial services till May 3 because of the lockdown, a source has said. Those drawing Rs 50,000 per month or less have been spared from the wage cut.

The Bangalore-based budget carrier is the latest to join the other domestic airlines, such as IndiGo, SpiceJet and Vistara, who have taken similar measures to cut fixed costs.

“AirAsia India has cut the April salary of its employees by up to 20 per cent. The senior management will take a pay cut of 20 per cent while the wages of the executives falling in others categories have been reduced by 17 per cent, 13 per cent and 7 per cent, respectively,” the source said.