SpiceJet posts Rs 463 cr quarterly loss
New Delhi, Nov 13 () Low cost carrier SpiceJet on Wednesday reported widening of loss to Rs 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 Rs 389.4 crore, according to a release.
Operating revenue rose to Rs 2,845.3 crore in the second quarter of the current financial year from Rs 1,874.8 crore in the same period a year ago.
The airline said the loss of Rs 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.
The figure includes a “loss of Rs 180.3 crore on account of accounting standard Ind AS 116”.
