New Delhi: Carrier Cost Spicejet has reported losses of Rs 561.7 Crore in the July-September 2021 quarter, up from RS 112.6 Crore’s losses in the same period last year but a sharp reduction of the loss of RS 729 Crore Q1 (April-June) .
The airline scrip closed at Rs 73.95, up 1% on BSE on Friday, when a broader market rose 1.3%.
The total Q2 revenue is Rs 1,539 Crore against Rs 1,266 Crore in the last quarter, due to air travel recovery.
Spicejet CMD Ajay Singh said: “We have made excellent progress in our recovery and I hope this trend to proceed in the residence Travel requests and we are very excited about the recovery of requests.
Completion with the main lessor, the return of 737 max in the current quarter (Q3), the transfer of logistics business and some very significant announcements line up immediately all positive tailwinds must have a significant impact on our long-term plan .
“” the return of Max 737 comes at the right time for us to capture the traffic of passengers and the government allows airlines to operate at full capacity.
We expect to trigger additional capacity in the form Max 737 we will increase our operational efficiency and provide kem Labilizes significant cost savings, “Singh added.
Spicejet loses Rs 562 Crore in Q2
