SpiceJet Cancels Daily Flights Amid Severe Financial Crisis

SpiceJet is facing severe operational disruptions, cancelling between 15 and 20 of its 65 scheduled daily flights. The budget carrier's active fleet has shrunk to 12 aircraft, with three planes grounded specifically due to non-payment disputes with lessors.

The airline is currently operating on a cash-and-carry basis because of mounting unpaid dues owed to airport operators, ground-handling agencies, oil marketing companies, and aircraft lessors. This financial strain extends to the workforce, with reports indicating that employees have not received salaries since June 2026.

Financial reports for the quarter ended September 2025 show a net loss of Rs 621 crore and a 13.4 per cent year-on-year revenue decline to Rs 792 crore. Despite these systemic failures, the airline maintained a passenger load factor of 84.3 per cent during that period.