SpiceJet Layoffs: Heavy debt and financial crisis, will SpiceJet sink? Pilot and crew under stress

SpiceJet, one of the largest airlines in the country, is currently going through very difficult circumstances. Due to which the company has decided to reduce the staff working with it. The company has decided to reduce 20 percent of its staff to deal with this financial crisis. If reports are to be believed, the company is soon going to send many of its employees on temporary leave without paying salaries.

Senior officers did not get salary
At present there are 6,800 employees in the company, many of whom will be eliminated in the retrenchment. So the company has only 13 planes left, which include 10 Boeing planes and 3 Q400s. Apart from this, 14 planes are also running on lease. Amidst its financial troubles, the company has not even paid 2-3 months’ salary to other senior employees. More than Rs 100 crore of TDS and PF is still pending.

SpiceJet is deep in debt
This problem is coming because SpiceJet has a lot of debt. Recently, the English court has ordered the airline to pay approximately Rs 68 crore in the dispute related to aircraft lease. Due to this new decision, the financial crisis of the already loss making company has increased even more. Airlines have also not deposited TDS and GST since April 2025. In such a situation, there is an atmosphere of tension between the airline staff and the pilots.

Pilot and crew under stress
There is a lot of tension among many employees and their families due to staff reduction in SpiceJet. Due to this retrenchment, the jobs of cabin crew, ground staff and some officers may be in danger. The company has not yet clarified how many jobs are being lost, but there are indications from inside and around the company that the layoffs are taking place in several phases. So the pilots will be given work for 21 days and will have to take leave for 9 days.