
SpiceJet posts ₹205 crore profit in Q1
The low-cost carrier recorded the highest domestic passenger load factor of 90% in the first quarter owing to a strong demand for air travel in India.
The low-cost carrier recorded the highest domestic passenger load factor of 90% in the first quarter owing to a strong demand for air travel in India.
Delhi HC directs SpiceJet to pay ₹579 cr award, along with interest, to airline's former promoter Kalanithi Maran
The budget airline has seen a consistent drop in its domestic market share in 2023
The move paves the way for SpiceXpress to raise funds independently.
The low-cost airline's board also proposed raising fresh capital of up to ₹2,500 crore by issuing securities to qualified institutional buyers.
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).
The airline says its business was hit by record high fuel prices, a depreciating rupee in the traditionally weak quarter.
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.
DGCA probe shows evidence of engine oil in "engine bleed-off valve", which led to oil entering the aircraft air conditioning system, thus resulting in smoke inside the cabin.