{"id":373772,"date":"2020-09-16T09:17:16","date_gmt":"2020-09-16T03:47:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373772"},"modified":"2020-09-16T09:40:24","modified_gmt":"2020-09-16T04:10:24","slug":"spicejet-posts-rs-600-5-cr-loss-for-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-posts-rs-600-5-cr-loss-for-june-quarter\/","title":{"rendered":"SpiceJet posts Rs 600.5 cr loss for June quarter"},"content":{"rendered":"<p>Budget carrier SpiceJet on Tuesday reported a net loss of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations due to the coronavirus-induced lockdown. <\/p>\n<p>It had posted a net profit of Rs 262.8 crore in the corresponding period of the previous financial year. <\/p>\n<p>The airline&#8217;s operating revenue stood at Rs 521 crore in the first quarter of 2020-21, significantly lower as against Rs 3,002.8 crore a year ago, it said in a statement. <\/p>\n<p>Operating expenses during the June 2020 quarter were Rs 1,311.6 crore, compared to Rs 2,886.7 crore in the year-ago period. <\/p>\n<p>SpiceJet Chairman and Managing Director Ajay Singh said, &#8220;Flight operations were suspended for the most part of the (first) quarter, and the partial resumption of flights initially and weak demand thereafter were a reminder of the significant problems that this pandemic has resulted in.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget carrier SpiceJet on Tuesday reported a net loss of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations due to the coronavirus-induced lockdown. It had posted a net profit of Rs 262.8 crore in the corresponding period of the previous financial year. The airline&#8217;s operating revenue stood at Rs 521 crore in the first quarter of 2020-21, significantly lower as against Rs 3,002.8 crore a year ago, it said in a statement. Operating expenses during the June 2020 quarter were Rs 1,311.6 crore, compared to Rs 2,886.7 crore in the year-ago [&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":[176,146,130],"tags":[],"class_list":["post-373772","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373772","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=373772"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373772\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}