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IndiGo, AI CEO salaries soar amid turbulence, flight cuts
Mint New Delhi
|July 31, 2025
IndiGo guided for 5-9% year-on-year ASK growth in Q2, suggesting a sequential dip from Q1
The salaries of India's top two airlines' chief executive officers (CEOs) have shot up, with the compensation for Pieter Elbers of InterGlobe Aviation, which operates IndiGo Airlines, nearly doubling to ₹42.9 crore in FY25. On the other hand, Air India's Campbell Wilson's target compensation is set to rise 30% to ₹27.8 crore per annum for FY26-FY27 amid fierce market competition and turbulent times for the industry.
In a regulatory filing made by India's largest airline company on Wednesday, InterGlobe said Elbers' compensation for FY25 was double the ₹21.6 crore he made a year earlier. IndiGo's profit for the year fell by 11% to ₹7,258 crore.
For Wilson, the CEO of India's second-largest carrier Air India, the earlier target compensation, the maximum payout including his performance bonus, was ₹21.5 crore for FY23-FY25, according to regulatory disclosures by the company. His actual payout was ₹19 crore in FY24.
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