SpiceJet stock tumbles nearly 15% as loss widens in June quarter
Updated: 01 Sep 2022, 10:56 AM IST
TL;DR.SpiceJet on Wednesday reported widening of net loss to ₹789 crore in June quarter 2022-23 as high fuel prices and rupee depreciation adversely impacted the budget carrier.
FILE PHOTO: Ajay Singh, Chairman and Managing Director of Indian budget airline SpiceJet, speaks with the media next to a seaplane operated by SpiceJet's Spice Shuttle, in Ahmedabad, India, October 31, 2020. REUTERS/Amit Dave/File Photo