Planes are full but airlines are not making money. India’s oldest private airline, Jet Airways, is staring at multiple defaults while the profit of the largest carrier by market share, IndiGo, fell by more than 95 per cent.
In such a situation, SpiceJet almost bucked the trend. While the airline reported a loss of Rs 380 million in the April-June quarter, it was primarily impacted by a Rs 635 million provisioning for settling the shareholding dispute of the company. SpiceJet Chief Financial Officer Kiran Koteshwar is optimistic about the airline’s prospects and ...
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