SpiceJet on Thursday said its primary revenue source is drying as no passenger flights have operated for over a month and, therefore, it will pay part salaries to over 92 per cent of its employees in April. In a press release, the budget carrier said it has decided that there would be no job cuts at this time.
“As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structure where all employees will be paid according to the work hours contributed while maintaining basic thresholds,” SpiceJet noted.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
In March, SpiceJet had cut 10-30 per cent salaries of its senior and mid-level employees. “While a number of airlines the world over have been forced to retrench employees and withhold salaries, SpiceJet with its limited cargo operations during the lockdown period, will pay part salaries to over 92 per cent of its employees,” SpiceJet said on Thursday.
The airline added: “In these extremely challenging times when no passenger flights have operated for over a month resulting in our primary revenue source drying up completely, SpiceJet has decided that there would be no job cuts at the airline at this time”.