SpiceJet Reports Net Loss Of Rs 837.8 Crore
So let us read this article to know the exact matter as steep Jet fuel have been priced and a week Rs have been led to the budget carrier which is said to be a big loss for SpiceJet approximately rupees 837.8 crores and talking about the loss in the same quarter for the last fiscal which is said to be rupees 561.7 crores talking about the total income that has raised to rupees 2104.7 crores this cute to which is said to be up to 37% from the Q2 that was 1538.7 crore.
Why Did SpiceJet Have A Loss of Rs 837.8 Crore?
The statement has been coming up given by the SpiceJet CMD whose name is Ajay Singh as he knew that the sector has been getting witnessed to prolonged challenges however in recent months it has been limited to Rupees 1500 crore by the government which they also need to recognise the challenges they are going to face in a long way and the need to provide some of the stability to the given sectors with the hi aviation turbine fuel prices and the depreciation in money.
SpiceJet Reports Net Loss Of Rs 837.8 Crore Reason
The need to overlock and Outlook the whole sector should remain positive Q2 also mentioned the ATF crisis which is going higher than 87% in the currency and talking about the depreciation which is said to be 10% against the US dollar and this is the time of last year. As we know that the losses in crores and it is because of the foreign exchange currency loss. Foreign exchange has been playing a crucial role in the earnings of Indigo as well as SpiceJet. Talking about SpiceJet so we know that it is an Indian Budget airline which has headquarter in Haryana Gurgaon however it has become one of the second largest airlines in the country this particular SpiceJet was being found in the year 2004 and is said to be 18 years ago as Royal Airways Ajay Singh has been the airline planner to restart the operations as SpiceJet because of the low-cost model. Talking about the average of SpiceJet is up to 10.84%.
Δ
