SpiceJet's losses widen in Q4FY22, Q1FY23; CFO Sanjeev Taneja resigns

In a stock exchange filing, the company said it has resolved to infused additional capital of up to $200 mn into the airline

The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)

(Photo: PTI)

AgenciesBS Web Team New Delhi
Low-cost carrier SpiceJet Ltd said on Wednesday Chief Financial Officer Sanjeev Taneja had resigned amid widening losses and a series of mid-air incidents.

SpiceJet on Wednesday reported a widening of net loss to Rs 789 crore for the three months ended June, mainly hit by high fuel prices and a fall in the rupee.

The low-cost carrier, which has been facing turbulent times, had a net loss of Rs 729 crore in the quarter ended June 2021.

"Total revenue for the reported quarter was Rs 2,478 crore as against Rs 1,266 crore in the same quarter of the previous year,"
Topics : SpiceJet

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2022 | 7:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com