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SpiceJet records consolidated loss of $104 million in Q3 2022
SpiceJet has reported a consolidated net loss of $104 million in Q3, 2022. The airline reported a net loss of INR 5610 million last year. “Total revenue for the reported quarter was INR 21.04bn as against INR 15.38bn in the same quarter of the previous year. For the same comparative period, operating expenses were INR 29.42bn as against INR 21.00.4bn,” the airline said in a statement Commenting on the losses CMD Ajay Singh said: “The airline had completed a series of settlements, which along with its upcoming hive-off of the cargo arm, would help improve operations. The government’s Extended Credit
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