Jet Airways refutes reports of salary cuts to reduce operational costs

In a statement on Thursday, the Jet Airways said, "The airline refutes and strongly condemns the speculative comments of/from certain vested interests, who are making deliberate attempts to undermine Jet Airways’ transformation efforts."

The statement clarified that the company is in line with its stated focus of creating a healthier and a more resilient business.

"Jet Airways has been implementing several measures to help it reduce cost as well as realise higher revenues, for desired business efficiencies. Some of these include sales and distribution, payroll, and maintenance, among many others," it stated.

As part of this approach, the airline management is in dialogue with key stakeholders to enlist their full support and cooperation for realising necessary savings across all parts of the business.

The airline claimed that it is "committed to create a growth-oriented, sustainable future, and a revitalized guest experience armed with the addition of 225 B737 MAX fuel-efficient aircraft which will be inducted in its fleet over the next decade, and of which, 11 are slated to join within this financial year."

Earlier, media reports suggested that Jet Airway's top management has announced that a 15 percent cut will be imposed in their pilot's salary followed by a reduction in the number of leaves to reduce employee cost.

The cost of operations for Jet Airways has increased due to rising crude oil prices and a falling rupee.