Covid-19 impact: SpiceJet reports ₹600 crore loss in June quarter
New Delhi: No-frill carrier SpiceJet Limited on Tuesday reported a consolidated loss of ₹600.52 crore for the June quarter, primarily due to muted travel demand following the coronavirus outbreak.
The airline had reported a profit of ₹262.89 crore during the same period of the previous year.
Auditors of SpiceJet Limited, S.R. Batliboi and Associates Llp, have once again raised doubts about the company’s ability to continue as a going concern after the company’s June quarter results after raising similar concerns as the airline reported its highest ever quarterly loss of ₹807.07 crore during the March quarter.
