SpiceJet loss widens to ₹789 crore in June quarter; plans to raise $200 million
Updated: 01 Sep 2022, 08:12 AM IST
TL;DR.Amid the financial turmoil, the airline plans to raise USD 200 million, which is around ₹1,600 crore at current exchange rates, and expects to complete hiving-off of its profitable cargo business into a separate company in the current quarter.
A SpiceJet passenger Boeing 737-800 aircraft takes off from Sardar Vallabhbhai Patel international airport in Ahmedabad in 2016. (REUTERS File Photo)