Air India to hike salaries of permanent employees

For the first time in nearly 5 years, Air India will give a 2% salary hike to its permanent employees. The airline has decided to increase the salaries after turning operationally profitable in the last financial year. Aided by lower fuel costs and rise in passenger numbers, Air India posted an operational profit of INR1.05b in the last financial year. It was also the first time in a decade that the carrier turned operationally profitable. Air India's executive director A Jayachandran said in view of last fiscal's operating profit, "it has been decided that yearly increment rate for all categories of permanent employees of Air India and its employees posted in subsidiaries will be applicable at 2%". This would be applicable only for the financial year 2016-17. <br/>