Mumbai: The Indian Airline Spice jet has decided to give a break to nearly 80 pilots without pay for a period of three months. Based on this measure, the line with Spice Jet’s policy, to not reduce any employees, this same has followed even in the covid time by the airline, and that will help in rationalizing the pilot strength vis-à-vis the aircraft fleet.
In 2019, SpiceJet had more than 30 aircraft following the grounding of the 737 MAX aircraft. The airline had continued its planned pilot induction program in the rope of hope that the MAX would be back in service as soon as possible. However, this prolonged grounding of the MAX expeditious resulted in a large number of excess pilots at spice jet Airlines.
The company’s spokesperson said that they will be inducting the MAX aircraft soon and these all pilots will be back in service soon as the induction begins. But during the LWP period will remain eligible for all other employee benefits including all insurance benefits and employee leave travel.
Furthermore, the airline said, even after giving breaks to those pilots without pay, SpiceJet will have enough numbers of pilots to operate the aircraft and fulfill the airline’s schedule.
Based on previous reports of SpiceJet, it had a net loss of 789 crores, excluding the forex adjustment of 420 crores for the quarter ending June 30, 2022, as compared to a net loss of Rs 729 crore in the quarter ending on June 30, 2021, as business was impacted by record high fuel prices and a fall in price.
Reportedly, the total revenue quarter was Rs 2,478 crore as against Rs 1,266 crores in the same quarter of the last year, and the operating expenses were Rs. 3,267 crores as against Rs 1,995 crores. The loss was Rs 379 crore for the reported quarter against a loss of 244 crores for the quarter that ended June FY2022.
DGCA, in July end, ordered SpiceJet to operate only 50% of its flights for eight weeks.