SpiceJet Q3 results: Net loss narrows to Rs 67 crore; revenue falls 53% YoY

Budget carrier SpiceJet’s consolidated net loss narrowed to Rs 66.75 crore for the quarter ended December 31 (Q3FY21). The company had reported a net loss of Rs 105 crore in the September quarter (Q2FY21) and a profit of Rs 78 crore in the corresponding quarter a year earlier (Q3FY20). On a standalone basis, the net loss stood at Rs 56.95 crore.

“We have successfully managed to trim down our losses considerably with each passing quarter despite limited operations and muted demand,” chairman Ajay Singh said.