NEW DELHI: Shares of SpiceJetNSE -5.36 % declined nearly 7 per cent in early trade on Thursday after the aviation player on Wednesday posted a net loss of Rs 462.58 crore in the September quarter on account of higher expenses related to grounding of Boeing 737 MAX planes and changes in accounting norms.
The company had reported a net loss of Rs 389.37 crore in the same period last year.
In a release, SpiceJet said the net loss of Rs 462.58 crore in the latest September quarter was mainly on account of inflated costs with respect to MAX grounding and a seasonally weak quarter.
