SpiceJet flies into red; posts ₹238 cr loss in Jun quarter mainly on higher costs

SpiceJet flies into red; posts ₹238 cr loss in Jun quarter mainly on higher costs

SpiceJet flies into red; posts ₹238 cr loss in Jun quarter mainly on higher costs

SpiceJet posts ₹2.35 billion loss in Q1 as travel demand slumps

Indian budget airline SpiceJet reported a ₹2.35 billion loss in Q1 FY2025, citing weak leisure demand, airspace restrictions, and grounde

SpiceJet Flies Into Red; Posts Rs 238-Crore Loss In Q1 Mainly On Higher Costs

Flying into the red, SpiceJet on Friday reported a net loss of Rs 238 crore for the three months ended June, saying expenses related to grounded aircraft and subdued leisure travel demand impacted the financials.The budget carrier, which had been facing multiple headwinds, raked in a total income of Rs 1,190.56 crore in the first quarter of the current financial year. The same stood at Rs 2,067.21 crore in the same period a year ago, according t…

India’s SpiceJet posts $26.6mn quarterly loss as conflict with Pakistan impacts air travel

Indian budget airline SpiceJet (SPJT.BO), opens new tab posted its second consecutive loss in the June quarter, as...

SpiceJet Posts Q1 Loss, Plans Fleet Expansion

The Delhi-based low-cost airline, SpiceJet, has reported a net loss of Rs 2.38 billion for the first quarter ended June 30 this year as compared to a net profit of Rs 1.5 billion in Q1 FY25. The results were significantly impacted by the geopolitical situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand. The delay in returning grounded aircraft to service, owing to global suppl…