SpiceJet Jan-March net loss widens 4-fold to Rs 249 cr

The carrier had incurred losses of Rs 59 crore in the year-ago period

Low-cost carrier Spicejet said on Wednesday net loss for January-March quarter widened more than four-fold to Rs 249 crore, as fuel and airport charges swelled in the country's fiercely competitive market.

The No. 3 Indian carrier by market share had incurred losses of Rs 59 crore in the year-ago period.

Spicejet said there was some easing in costs in recent months, and sees lower fuel costs once the company starts importing jet fuel directly.

The scrip was trading 5.3% lower at Rs 31 at Sensex closing on Wednesday