India’s low-cost carrier SpiceJet is once again grappling with a severe financial crunch, prompting speculation it may cut more jobs, even as salaries are delayed and the carrier seeks an urgent infusion of fresh capital to sustain operations, The Economic Times reported Saturday.
The airline’s troubles come at a time when aviation fuel costs remain volatile. Chairman Ajay Singh recently acknowledged government support in moderating steep hikes in jet fuel prices, but the relief appears insufficient to offset the carrier’s deeper financial troubles. Unlike rivals IndiGo, Air India, and Akasa Air, which are backed by strong balance sheets or large conglomerates, SpiceJet continues to grapple with limited liquidity and operational constraints.
18/04/2026 Apexa Rai/Business Standard
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