
SpiceJet hives off cargo business; approves ₹2,500 cr fundraise
The low-cost airline's board also proposed raising fresh capital of up to ₹2,500 crore by issuing securities to qualified institutional buyers.
The low-cost airline's board also proposed raising fresh capital of up to ₹2,500 crore by issuing securities to qualified institutional buyers.
The low cost carrier posted a net profit of ₹110 crore in the three months ended December 31, 2022, as against ₹42.46 crore, a year earlier.
Shares of SpiceJet jumped as much as 13% to ₹40 apiece on the National Stock Exchange (NSE).
Shares of SpiceJet plunged as much as 4.8% to ₹36.50 apiece on the National Stock Exchange (NSE).
ICAO said its USOAP team visited India between November 9 and November 16, under ICAO Coordinated Validation Mission (ICVM), but the visits to operators were not audits or inspections.
The audit was conducted under the universal safety oversight audit programme (USOAP) on November 14 at SpiceJet’s head office in Delhi.
On an MoM basis, total 114.07 lakh passengers were carried by domestic airlines compared to 89.85 lakh in the same month last year, shows DGCA data.
The airline says its business was hit by record high fuel prices, a depreciating rupee in the traditionally weak quarter.
A series of incidents in the Indian skies spook fliers
The no-frills carrier says the salaries of trainers and senior first officers have also been increased commensurately. The hike will be applicable from Nov 1.