SpiceJet shares crash 10% after 2 senior executives resign: Will slump continue?
9 months, 1 week ago

SpiceJet shares crash 10% after 2 senior executives resign: Will slump continue?

Hindustan Times  

SpiceJet share price: Shares of SpiceJet fell 9.7 percent to ₹54.6 per share today after Chief Operating Officer Arun Kashyap and Chief Commercial Officer Shilpa Bhatia reportedly resigned. The company said that this was part of SpiceJet's strategic restructuring, adding, “As part of SpiceJet's strategic restructuring, several members of the commercial team including the Chief Commercial Officer have left the company." The Company looks forward to adding capacity, growing rapidly and continuing to play a large role in the Indian aviation sector.” In the past one month, SpiceJet's stock has declined 13 percent. It was also reported that the airline has been planning a ₹22.50 billion fundraising effort by selling shares and warrants in order to finance operational expansion initiatives: fleet enhancement, route network expansion, and technological advancements.

History of this topic

Explained: Why SpiceJet share price jumped nearly 8% today
5 days, 5 hours ago
SpiceJet share price rises after Aircastle drops insolvency case
3 weeks, 5 days ago
SpiceJet's Ajay Singh May Sell Over 10% Stake in Airline to Raise Funds
3 months, 2 weeks ago
SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds
3 months, 2 weeks ago
Spicejet Plans to Raise Over Rs 3,200 Crore Via Debt, Equity
3 months, 2 weeks ago
SpiceJet to raise up to ₹3,000 crore via QIP
5 months ago
Spicejet Q3 results : loss at ₹298.62Cr, Revenue decreased by 17.37% YoY
5 months, 1 week ago
SpiceJet Q4 Results: Net Profit Surges Six-Fold to Rs 119 Crore, FY24 Loss Narrows By 73%
5 months, 1 week ago
SpiceJet secures lease agreements for 10 aircraft to bolster summer capacity
9 months, 1 week ago
SpiceJet share price plunges nearly 10% on two senior executives resignations
9 months, 1 week ago
SpiceJet share price jumps 4% after this declaration before Delhi High Court
9 months, 2 weeks ago
SpiceJet to lay off 15 per cent of workforce, save Rs 100 crore annually
10 months, 1 week ago
SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’
1 year ago
SpiceJet to soon list shares on National Stock Exchange
1 year ago
In charts: The many challenging lives SpiceJet has lived
1 year, 2 months ago
SpiceJet takes off in Q3 but the route ahead is turbulent
1 year, 9 months ago
SpiceJet announces revised salary structure- Rs 7 lakh/month for its Captains; applicable from Nov 1, 2022
2 years, 2 months ago
SpiceJet: Flying on a wing and a prayer
2 years, 5 months ago
Five graphs tell SpiceJet’s turbulence story
2 years, 5 months ago
SpiceJet director Ajay Singh booked for allegedly duping businessman of lakhs, airline calls case 'bogus'
2 years, 5 months ago
SpiceJet gets show cause notice after 8 malfunction incidents in 18 days
2 years, 5 months ago
SpiceJet Q1 results: Airlines reports net loss of ₹600 crore, owing to COVID
4 years, 3 months ago

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