{"id":300852,"date":"2019-11-14T11:36:49","date_gmt":"2019-11-14T06:06:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300852"},"modified":"2019-11-14T11:54:35","modified_gmt":"2019-11-14T06:24:35","slug":"spicejet-posts-%e2%82%b9462-6-cr-loss-in-q2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-posts-%e2%82%b9462-6-cr-loss-in-q2\/","title":{"rendered":"SpiceJet posts \u20b9462.6-cr loss in Q2"},"content":{"rendered":"<p>SpiceJet reported a net loss of \u20b9462.6 crore for the second quarter ended September 30, 2019 against a loss of \u20b9389.4 crore for the same quarter last year. <\/p>\n<p>In a statement, the airline said that the losses include a loss of \u20b9180.3 crore due to accounting standard IND-AS116, without which the losses would have been \u20b9282.3 crore. <\/p>\n<p>SpiceJet added that losses were incurred because of inflated costs as a result of grounding of the Boeing 737 MAX aircraft and a seasonally weak quarter. <\/p>\n<p>The airline reported an operating revenue of \u20b92,845.3 crore for the latest quarter against an operating revenue of \u20b91,874.8 crore for the corresponding previous quarter. For the comparative period, total expenses were \u20b93,536.1 crore as against \u20b92,291.5 crore while EBITDAR before exceptional expenses were \u20b9154.1 crore against a loss of \u20b934.9 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet reported a net loss of \u20b9462.6 crore for the second quarter ended September 30, 2019 against a loss of \u20b9389.4 crore for the same quarter last year. In a statement, the airline said that the losses include a loss of \u20b9180.3 crore due to accounting standard IND-AS116, without which the losses would have been \u20b9282.3 crore. SpiceJet added that losses were incurred because of inflated costs as a result of grounding of the Boeing 737 MAX aircraft and a seasonally weak quarter. The airline reported an operating revenue of \u20b92,845.3 crore for the latest quarter against an operating revenue [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-300852","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300852"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300852\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}