SpiceJet loss worsens negative worth

SpiceJet on Wednesday reported a net loss of ₹ 105.6 crore for the quarter ended September, resulting in the worsening of its negative worth to ₹ 2,286.6 crore. Its auditors warned that its losses would have been more than double had the airline not included compensation sought from Boeing for the grounding of its 13 737 MAX aircraft, but regarding which there was no certainty.

While the airline’s revenues declined 62.9% from a year earlier, it was also able to tighten its operational expenses and employee costs. The carrier said it was currently operating at 52% of its pre-COVID schedule and that the seat occupancy on its aircraft was at 73% on an average. Almost 30% of its passenger revenue came from charter services.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Assam starts vaccinating transgender persons against COVID-19

Covaxin doses offered at a shelter home for the community in Guwahati. Azizur Khan was caught in two minds. But...

Anushka Sharma and Virat Kohli raise over Rs 11 crore for...

On May 7, Anushka Sharma and Virat Kohli had announced a fundraiser to help India in its fight against the coronavirus pandemic. On Friday,...

Budget session Andhra Pradesh Legislature to commence from May 20

The Budget session of the Andhra Pradesh Legislature will commence on May 20. Governor Biswa Bhushan Harichandan convened the State Assembly and Council for...

More Articles