Low-cost airline SpiceJet on Tuesday said it will put certain pilots on leave without pay (LWP) for three months as a temporary measure to rationalise cost. The Guguram-based airline that is facing a liquidity crunch said the measure is in line with its policy to not retrench any employee, something that it followed even during the peak of the Covid pandemic, adding the move will help rationalise the pilot strength vis-à-vis aircraft fleet.
Even after placing certain pilots on leave without pay, SpiceJet will have sufficient number of pilots to operate its full schedule as and when the DGCA restriction on flights is lifted, it further said.
SpiceJet reported a loss of ₹784 crore for the quarter ending June 30, compared to a loss of ₹731 crore a year earlier.
