SpiceJet expects improvement in operations, restructuring benefits in Dec quarter: Ajay Singh
Admin
Dec 5, 2022 11:33
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SpiceJet, which is looking to raise USD 200 million, expects to see improvement in operations and restructuring benefits in the current quarter of this financial year.
The budget carrier's chief Ajay Singh has told shareholders that it has also completed a series of settlements with most of the major partners, including manufacturers and lessors.
Hit by high fuel prices and rupee depreciation, SpiceJet saw its net loss widen to Rs 789 crore in the June quarter. The airline is also facing other headwinds, including some of its aircraft having technical snags in recent times, and quite a few of its Boeing 737 planes were deregistered due to non-payment of dues to lessors.
