{"id":300987,"date":"2019-11-15T11:11:33","date_gmt":"2019-11-15T05:41:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300987"},"modified":"2019-11-15T11:11:33","modified_gmt":"2019-11-15T05:41:33","slug":"why-spicejets-stock-nosedived-after-the-september-quarter-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-spicejets-stock-nosedived-after-the-september-quarter-results\/","title":{"rendered":"Why SpiceJet\u2019s stock nosedived after the September quarter results"},"content":{"rendered":"<p>SpiceJet Ltd\u2019s shares faced turbulence on Thursday, falling 6% on BSE. In a seasonally weak quarter, the airline reported a loss of almost \u20b9463 crore, higher than the \u20b9328 crore loss that a Bloomberg poll of analysts was expecting.<\/p>\n<p>However, year-on-year revenue growth at 51%, led by solid capacity expansion, was impressive.<\/p>\n<p>What explains SpiceJet\u2019s disappointing performance then? To begin with, cost pressures were back-breaking. Unabsorbed costs from the grounding of the Boeing 737 Max aircraft continue to haunt SpiceJet. Additionally, older aircraft that it had received from Jet Airways (India) Ltd, which shut operations earlier this year, added to cost pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet Ltd\u2019s shares faced turbulence on Thursday, falling 6% on BSE. In a seasonally weak quarter, the airline reported a loss of almost \u20b9463 crore, higher than the \u20b9328 crore loss that a Bloomberg poll of analysts was expecting. However, year-on-year revenue growth at 51%, led by solid capacity expansion, was impressive. What explains SpiceJet\u2019s disappointing performance then? To begin with, cost pressures were back-breaking. Unabsorbed costs from the grounding of the Boeing 737 Max aircraft continue to haunt SpiceJet. Additionally, older aircraft that it had received from Jet Airways (India) Ltd, which shut operations earlier this year, added to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-300987","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300987","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300987"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300987\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}