SpiceJet Q1 net loss at Rs 72 cr

Low-cost airline SpiceJet today reported a net loss of Rs 71.9 crore in the first quarter ended June 30, 2011.

The company had a net profit of Rs 55.2 crore in the same quarter a year ago, SpiceJet said in a filing to the Bombay Stock Exchange (BSE).

Total income of the company, however, increased to Rs 945.6 crore in the latest quarter as against Rs 716.8 crore in the corresponding year-ago period.