NEW DELHI : Low cost carrier SpiceJet on Wednesday reported widening of loss to ₹462.6 crore in the three months ended September, mainly hit by expenses related to grounding of Boeing 737 MAX planes and changes in accounting norms.
In the year-ago period, the airline’s loss stood at ₹389.4 crore, according to a release.
Operating revenue rose to ₹2,845.3 crore in the second quarter of the current financial year from ₹1,874.8 crore in the same period a year ago.
The airline said the loss of ₹462.6 crore in the latest September quarter was mainly on account of inflated costs with respect to MAX grounding and a seasonally weak quarter.
