SpiceJet’s losses widen; CFO quits

Beleaguered low-cost carrier, SpiceJet on Wednesday saw widening of its losses on a year-on-year basis during the January-March quarter of FY22 as well the April-June quarter of the current fiscal. The airline reported a net loss of Rs 458 crore for the quarter ending March against Rs 235.3 crore in the same period a year ago. During the April-June quarter, net loss stood at Rs 789 crore against Rs 729 crore a year ago.

Meanwhile, the airline’s CFO Sanjeev Taneja resigned on Wednesday. The board has identified a candidate for the CFO’s position and the vacancy shall be filled in September, the airline said.