Once high-flying SpiceJet reveals the reasons behind business turbulence

SpiceJet is experiencing financial turbulence attributed to the pandemic, rising fuel prices, and the global grounding of Boeing 737 Max aircraft. These issues have led to delayed salaries for employees, grounded planes due to unpaid dues, and significant debt. The airline's operational fleet has reduced drastically from 74 in 2019 to 28 in 2024.