As flights remain suspended across the country, SpiceJet recorded a net loss of Rs 593 crore on 15th September.
This loss was recorded for FY21. Last year in the same quarter the company recorded profits of Rs 262 crore.
Chairman and Managing Director of Spicejet, Ajay Singh said, “This is the worst-ever crisis to hit the aviation sector. But I am pleased that SpiceJet continues to innovate and outperform the industry.”
With mounting losses, #SpiceJet has been hit by a spate of bad news. Analysts worry about its prospects http://t.co/I4d5pZaK50
— Business Standard (@bsindia) August 12, 2014