{"id":536165,"date":"2022-11-15T09:29:59","date_gmt":"2022-11-15T03:59:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536165"},"modified":"2022-11-15T09:58:26","modified_gmt":"2022-11-15T04:28:26","slug":"spicejet-posts-highest-ever-quarterly-loss-amid-high-fuel-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-posts-highest-ever-quarterly-loss-amid-high-fuel-prices\/","title":{"rendered":"SpiceJet posts highest ever quarterly loss amid high fuel prices"},"content":{"rendered":"<p>SpiceJet on Monday reported its highest ever quarterly loss in the second quarter of the fiscal year (Q2FY23) after the carrier&#8217;s operations were impacted by record high fuel prices, limited capacity and rupee depreciation. The airline&#8217;s consolidated loss widened by 46 per cent to Rs 833.2 crore year-on-year (YoY). <\/p>\n<p>Earlier, the airline&#8217;s highest ever quarterly loss was recorded in the January-March period of FY20 at Rs 816.2 crore. <\/p>\n<p>In Q2FY23, the airline&#8217;s expenses on fuel increased two-fold to Rs 1,226.4 crore from Rs 615 crore in the corresponding quarter of the previous fiscal year amid the Russia-Ukraine war. Its total expenses also jumped 39.56 per cent to Rs 2,935 crore in Q2.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet on Monday reported its highest ever quarterly loss in the second quarter of the fiscal year (Q2FY23) after the carrier&#8217;s operations were impacted by record high fuel prices, limited capacity and rupee depreciation. The airline&#8217;s consolidated loss widened by 46 per cent to Rs 833.2 crore year-on-year (YoY). Earlier, the airline&#8217;s highest ever quarterly loss was recorded in the January-March period of FY20 at Rs 816.2 crore. In Q2FY23, the airline&#8217;s expenses on fuel increased two-fold to Rs 1,226.4 crore from Rs 615 crore in the corresponding quarter of the previous fiscal year amid the Russia-Ukraine war. Its total [&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":[135,167,130],"tags":[],"class_list":["post-536165","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536165","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=536165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}