{"id":366313,"date":"2020-08-05T11:15:59","date_gmt":"2020-08-05T05:45:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366313"},"modified":"2020-08-05T11:15:59","modified_gmt":"2020-08-05T05:45:59","slug":"spicejet-postpones-pain-by-deferring-payments-leaving-investors-on-edge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-postpones-pain-by-deferring-payments-leaving-investors-on-edge\/","title":{"rendered":"SpiceJet postpones pain by deferring payments, leaving investors on edge"},"content":{"rendered":"<p>How have some of India\u2019s cash-strapped airlines managed to get by, with a majority of their flights grounded, and without a bailout from the government? This has been one of the most intriguing questions during covid-19, as far as the business world is concerned.<\/p>\n<p>SpiceJet Ltd\u2019s long-due results for the year ended March provides some clues on how the airline is surviving. Its trade payables have increased to 14.1% of trailing 12-month revenues in March 2020, compared to 10.1% in September 2019. In comparison, market leader InterGlobe Aviation Ltd\u2019s trade payables stood at 4.4% of revenues as of end-March 2020.<\/p>\n<p>Vis-\u00e0-vis the scheduled lease rentals of \u20b91,950 crore in FY20, the cash rentals paid by the airline were lower at \u20b91,510 crore, according to analysts at Centrum Broking Ltd. Of course, since the number of flights that were grounded has increased manifold since March, the extent of deferred payments would be higher now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How have some of India\u2019s cash-strapped airlines managed to get by, with a majority of their flights grounded, and without a bailout from the government? This has been one of the most intriguing questions during covid-19, as far as the business world is concerned. SpiceJet Ltd\u2019s long-due results for the year ended March provides some clues on how the airline is surviving. Its trade payables have increased to 14.1% of trailing 12-month revenues in March 2020, compared to 10.1% in September 2019. In comparison, market leader InterGlobe Aviation Ltd\u2019s trade payables stood at 4.4% of revenues as of end-March 2020. [&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-366313","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\/366313","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=366313"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366313\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}