SpiceJet Hikes Salaries For Captains To Rs 7 Lakh/Month Ahead Of Diwali
SpiceJet has announced a revised salary structure for its captains ahead of Diwali, in which the carrier increased their monthly remuneration by around 55 per cent to Rs 7 lakh for a total of 80 hours of flying.
"Captains' salaries revised to INR 7 lakh-a-month for 80 hours of flying. SpiceJet has been revising pilot salaries on a monthly basis; salary for October 2022 was hiked by 22 per cent," a SpiceJet Spokeperson said on Wednesday.
The fresh hike will be applicable from November 1, 2022.
Following the latest hike, the salary of Captains at SpiceJet will be higher than their pre-Covid salary.
Salaries of Trainers and Senior First Officers have also been increased "commensurately".
Earlier, SpiceJet employees claimed that there was a delay in the disbursement of salaries of employees including flight crew for the month of July and many were yet to receive Form 16 for the financial year 2021-22 as well.
SpiceJet said it had been consistently increasing the base salary of pilots. As compared to August, the September salary saw an increase of up to 10 per cent for Trainers and 8 per cent for Captains and First Officers. From October, the salary was hiked by another 22 per cent for Captains and First Officers.
However, SpiceJet has sent 80 of its pilots on leave without pay for three months. The airline company said in an earlier statement said that "the move was taken as a temporary measure to harmonise costs. This measure is in line with the airline's policy of not firing any employee. Even during the covid epidemic."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.