SpiceJet Q2 loss deepens as forex, grounded fleet weigh on earnings
New Delhi: Low-cost carrier SpiceJet Ltd’s loss increased about 36% year-on-year to ₹621 crore in the July-September quarter, hurt by foreign exchange losses and as many of its planes remained grounded for maintenance.
Loss in the previous quarter was ₹234 crore and ₹458 crore in the year-ago-period. Revenues declined both sequentially and year-on-year by 30% and 15%, respectively, to ₹730 crore.
