Explained: Why Nuvama cut Spicejet share price target despite profit in Q3
1 month ago

Explained: Why Nuvama cut Spicejet share price target despite profit in Q3

India Today  

SpiceJet stock tumbled over 8% during intraday trade on Thursday, even though the airline made a Rs 26 crore profit in Q3FY25 after losing Rs 300 crore in the same quarter last year. SpiceJet also managed to raise Rs 3,000 crore from institutional investors, which gave it a net worth of Rs 70 crore—the first time in 10 years it’s not in the red. For the first time in a decade, the company has turned net worth positive – an important milestone that underscores the success of our turnaround strategy,” said SpiceJet CMD Ajay Singh. Nuvama also thinks SpiceJet's Rs 3,000 crore fundraise will help pay off dues and get planes back in service, but the recovery will be slow.

Share Price Crore Spicejet Nuvama  share  price  rs  spicejet  yoy  crore  stock  target  nuvama  explained  turned  q3  spicejets  profit  planes  worth  cut  despite

History of this topic

SpiceJet shares though volatile, remains in focus on launch of 24 new flights this summer
3 days, 19 hours ago

SpiceJet shares though volatile, remains in focus on launch of 24 new flights this summer

Live Mint  

Stock Market Today: SpiceJet Ltd share price remains in focus today as the company has announced that it will launch 24 new flights this summer Spice Jet share price movements SpiceJet share price opened at ₹46.61 on the BSE on Wednesday. However with the news flow around expansion of Domestic network the SpiceJet share price gained to intraday highs of …

SpiceJet Block Deal: Promoter Ajay Singh sells 1.15 crore shares worth ₹52 crore; stock tanks 6%
2 weeks, 1 day ago

SpiceJet Block Deal: Promoter Ajay Singh sells 1.15 crore shares worth ₹52 crore; stock tanks 6%

Live Mint  

SpiceJet share price plunged more than 6% on Thursday, extending its slide for the fourth consecutive session. SpiceJet shares saw a block deal during Thursday’s trading session, wherein its promoter Ajay Singh sold a significant number of company’s shares. Ajay Singh, Chairman and Managing Director of aviation carrier SpiceJet sold 1,15,38,462 shares of SpiceJet, representing 0.89% stake in the company, …

SpiceJet share price falls nearly 12% in two days; here’s what analysts say
Trending News
1 month ago

SpiceJet share price falls nearly 12% in two days; here’s what analysts say

Live Mint  

SpiceJet share price remained under selling pressure for the second straight session on Friday, with the domestic aviation stock falling nearly 12% in two days. After the Q3 results, SpiceJet share price dropped by more than 8% during Thursday's trading session, and it has fallen by over 5% in Friday's session. Technical Views SpiceJet share price today opened at ₹43.50 …

Spicejet Q3 results 2025 on 27 Feb, 2025: profit at ₹20.44Cr, Revenue decreased by 35.39% YoY
1 month ago

Spicejet Q3 results 2025 on 27 Feb, 2025: profit at ₹20.44Cr, Revenue decreased by 35.39% YoY

Live Mint  

Spicejet Q3 Results 2025:Spicejet has declared its Q3 results for the fiscal year 2025 on 25 Feb, 2025. Spicejet Q3 Results The operating income for Spicejet showed a promising increase of 54.96% quarter-on-quarter and a substantial growth of 40.78% year-on-year. This improvement in operating income reflects the company's efforts to enhance its operational performance amid challenging market conditions. Spicejet Financials …

SpiceJet share price dips 8% despite ₹26 crore profit in Q3FY25; here’s what Nuvama suggests
1 month ago

SpiceJet share price dips 8% despite ₹26 crore profit in Q3FY25; here’s what Nuvama suggests

Live Mint  

SpiceJet share price plunged over 8 per cent in Thursday's trading session despite the aviation company posting a ₹26 crore profit in Q3FY25. SpiceJet's total revenue climbed 35% year-on-year to ₹1,651 crore in Q3, while its passenger load factor remained steady at 87 per cent, reflecting consistent occupancy levels. This fund infusion helped SpiceJet attain a net worth of ₹70 …

Spicejet share price jumps 7% after re-induction of grounded flight in operations
2 months ago

Spicejet share price jumps 7% after re-induction of grounded flight in operations

Live Mint  

Stock Market Today: SpiceJet share price gained almost 7% during the intraday trades on Tuesday. Spice jet on Monday post market hours had announced Re-Induction of First Grounded 737 MAX Aircraft into Service SpiceJet share price movement The SpiceJet share price opened at ₹44.48 on the BSE on Tuesday, almost 1.4% higher than the previous days closing price of ₹43.87. …

SpiceJet share price surges 9% amid stock market crash. Why is the airline stock flying high? Explained
3 months, 1 week ago

SpiceJet share price surges 9% amid stock market crash. Why is the airline stock flying high? Explained

Live Mint  

Stock Market Today: Shares of airline SpiceJet shot up nearly 9 per cent in intra-day trade on Thursday, December 19 after the company informed bourses that it has reached a settlement with Genesis to resolve over a $16 million dispute. As part of the settlement agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet …

Explained: Why SpiceJet share price jumped nearly 8% today
3 months, 1 week ago

Explained: Why SpiceJet share price jumped nearly 8% today

India Today  

SpiceJet shares jumped nearly 8% on Thursday after the airline announced a settlement with aircraft lessor Genesis, resolving a $16 million dispute. Under the agreement, SpiceJet will pay Genesis $6 million, while the lessor will acquire $4 million worth of SpiceJet equity at Rs 100 per share. In a statement, Ajay Singh, Chairman and Managing Director of SpiceJet, said, “This …

Spicejet Q3 results : loss at ₹298.62Cr, Revenue decreased by 17.37% YoY
8 months, 1 week ago

Spicejet Q3 results : loss at ₹298.62Cr, Revenue decreased by 17.37% YoY

Live Mint  

Spicejet Q3 Results Live : Spicejet declared their Q3 results on 15 Jul, 2024. Spicejet has delivered 9.34% return in the last 1 week, -11.39% return in the last 6 months and -3.91% YTD return. As of 17 Jul, 2024, out of 3 analysts covering the company, 1 analyst has given Sell rating & 2 analysts have given Buy rating. …

SpiceJet Q4 Results: Net Profit Surges Six-Fold to Rs 119 Crore, FY24 Loss Narrows By 73%
8 months, 2 weeks ago

SpiceJet Q4 Results: Net Profit Surges Six-Fold to Rs 119 Crore, FY24 Loss Narrows By 73%

News 18  

Spicejet Q4 Results: Budget airline SpiceJet Ltd on Monday reported a sixfold surge in its net profit to Rs 119 crore for the fourth quarter ended March 31, 2024. Spicejet’s net profit had stood at Rs 17 crore in the corresponding period last year, according to the company’s statement. For the fiscal year ended March 31, 2024, SpiceJet significantly reduced …

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

SpiceJet share price plunges nearly 10% on two senior executives resignations
1 year ago

SpiceJet share price plunges nearly 10% on two senior executives resignations

Live Mint  

SpiceJet share price slumped nearly 10% in Tuesday's session after news of two senior executives resignations. It has also been some time since Chief Commercial Officer Shilpa Bhatia put in her papers," one of the sources told Mint. The announcement that the spouses of Spicejet's chief operational officer Arun Kashyap and chief commercial officer Shilpa Bhatia had founded a new …

SpiceJet share price jumps 4% after this declaration before Delhi High Court
1 year ago

SpiceJet share price jumps 4% after this declaration before Delhi High Court

Live Mint  

Stock market today: SpiceJet share price today witnessed buying interest as the aviation company has declared to have settled ₹93 crore dispute with the aircraft leasing company Cross Ocean Partners. The joint declaration was made by both parties before the Delhi High Court in the ongoing execution petition being pursued by Cross Ocean Partners. SpiceJet share price today opened upside …

SpiceJet share price rises over 5% on fundraising plans; check details
1 year, 8 months ago

SpiceJet share price rises over 5% on fundraising plans; check details

Live Mint  

SpiceJet share price rose over 5% on Thursday's session following the announcement that the airlines promoter Ajay Singh offered to infuse ₹500 crore into the company to improve the airline's financial status. In order to improve the company's financial position, promoter Ajay Singh offered to invest ₹500 crore by way of subscription to equity shares and/or convertible securities/equity share warrants …

SpiceJet takes off in Q3 but the route ahead is turbulent
2 years, 1 month ago

SpiceJet takes off in Q3 but the route ahead is turbulent

Live Mint  

Shares of SpiceJet Ltd are up 11% so far post the announcement of December quarter results. It reported net profit of ₹107 crore versus a loss of ₹838 crore in the September quarter. But given the strong yield, it reported Ebitdar of Rs591 crore versus loss of Rs387 crore in the September quarter. “The addition of the 737-8 MAX aircrafts …

SpiceJet reports net loss of Rs 789 crore in June quarter
2 years, 6 months ago

SpiceJet reports net loss of Rs 789 crore in June quarter

India TV News  

SpiceJet reports net loss of Rs 789 crore in June quarter SpiceJet Chairman and Managing Director Ajay Singh said the industry has been witnessing one of the most severe operating environment in the recent past which impacted the progress and recovery made in Q3FY2022. Highlights SpiceJet reported a net loss of Rs 789 crore on Wednesday for the June quarter …

Five graphs tell SpiceJet’s turbulence story
2 years, 8 months ago

Five graphs tell SpiceJet’s turbulence story

Live Mint  

SpiceJet has hit a snag. After three SpiceJet aircraft reported issues on the same day, the Directorate General of Civil Aviation issued a show-cause notice to the airline on 5 July. Partly due to a ransomware attack in May, the latest month for which the data was available, 53,707 SpiceJet passengers suffered on account of “boarding denied", cancellation, or delays …

SpiceJet shares continue to fall, hit 52-week low level
2 years, 8 months ago

SpiceJet shares continue to fall, hit 52-week low level

Live Mint  

Shares of SpiceJet continued to fall on Wednesday, declining 7% to hit its one-year low level of ₹35 apiece on the BSE, amid multiple instances of its planes suffering technical glitches in recent weeks. SpiceJet's Delhi-Dubai flight suffered a mid-air malfunction in its fuel indicator on Tuesday and was diverted to Karachi and cracks developed on the windshield of another …

SpiceJet’s loss declines in Q3, but it isn’t out of the woods yet
4 years, 1 month ago

SpiceJet’s loss declines in Q3, but it isn’t out of the woods yet

Live Mint  

The skies remain cloudy for airlines with travel demand yet to revive adequately after the pandemic. In the seasonally stronger December quarter, losses reduced sequentially, although relatively higher crude oil prices are a threat to profitability, going ahead. However, the sudden drop in yields and rising crude prices would hurt profitability,” analysts from BOB Capital Markets Ltd said in a …

SpiceJet Ltd reports ₹461 crore September quarter loss
5 years, 4 months ago

SpiceJet Ltd reports ₹461 crore September quarter loss

Live Mint  

No-frill carrier SpiceJet Ltd on Wednesday reported its first quarterly loss during the current fiscal, on back of higher costs during the seasonally weak quarter. Incidentally, InterGlobe Aviation Ltd, which runs India’s largest budget airline IndiGo, also SpiceJet’s listed rival, plunged to a wider-than-expected quarterly loss with higher maintenance and overhaul costs outweighing the increase in passenger traffic. During the …

SpiceJet’s yields disappoint, other income boosts profit in June quarter
5 years, 7 months ago

SpiceJet’s yields disappoint, other income boosts profit in June quarter

Live Mint  

After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. “The airline’s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior B737 MAX aircraft,” highlighted the management in the investor presentation. That’s because SpiceJet has recognized aircraft …

SpiceJet posts record profits: Inside story of the remarkable turnaround
5 years, 7 months ago

SpiceJet posts record profits: Inside story of the remarkable turnaround

New Indian Express  

The carrier has now cemented its position as India's second-largest airline by market share. According to DGCA data, between April and June, its market share went up from 13.1 per cent to 15.6 per cent. The carrier is expected to increase capacity by 80 per cent in FY20, almost three times what IndiGo has planned. The company had estimated that …

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost
5 years, 7 months ago

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost

Firstpost  

Shares in SpiceJet and InterGlobe Aviation-owned IndiGo have soared 55% and 31% respectively this year, as the companies raced to fill in prime airport slots vacated by Jet Airways. Bengaluru: Indian budget airline SpiceJet on Friday posted its biggest-ever quarterly profit of Rs 261.7 crore, as it flew more passengers and raised fares in the wake of the collapse of …

SpiceJet back in the black with profit of ₹262 cr in June quarter
5 years, 7 months ago

SpiceJet back in the black with profit of ₹262 cr in June quarter

Live Mint  

No-frills carrier SpiceJet Ltd on Friday reported its highest ever quarterly profit in the June quarter. SpiceJet’s profit in Q1 was aided by other income of ₹143.19 crore, including ₹114.1 crore in reimbursements from Boeing Co. for the revenue loss due to the grounding of 737 Max aircraft. “Consequently, aircraft and supplemental lease rentals of ₹114.1 crore incurred in the …

SpiceJet shares jump more than 4% after airline's announcement to hire up to 2,000 staff of Jet Airways
5 years, 9 months ago

SpiceJet shares jump more than 4% after airline's announcement to hire up to 2,000 staff of Jet Airways

Firstpost  

SpiceJet has taken at least 22 planes that were earlier used by Jet Airways which temporarily shuttered its operations due to cash crunch in April. New Delhi: SpiceJet shares gained over 4 percent on Monday after the company said it plans to hire up to 2,000 staff including pilots and cabin crew of the defunct Jet Airways as the no-frills …

Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways
5 years, 11 months ago

Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways

Live Mint  

Mumbai: As Jet Airways Ltd moves from flight cancellations to a complete halt, mutual funds stand relatively well-positioned. Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd, who may benefit from the collapse. In a situation where reportedly 138,000 retail investors are exposed to Jet Airways, …

SpiceJet, IndiGo shares surge at the expense of Jet Airways
6 years ago

SpiceJet, IndiGo shares surge at the expense of Jet Airways

Live Mint  

Mumbai: Shares of SpiceJet Ltd on Wednesday surged 20% to hit upper circuit on the BSE while IndiGo operator Interglobe Aviation Ltd gained 10% on hopes that the aviation firms will gain financially amid a Jet Airways crisis that refuses to abate. SpiceJet shares rose 16.38% to ₹91.65 apiece on the BSE while IndiGo shares gained 7.3% to end the …

SpiceJet shares trail far behind IndiGo’s as investors want to fly safe
6 years, 1 month ago

SpiceJet shares trail far behind IndiGo’s as investors want to fly safe

Live Mint  

A good crisis separates the men from the boys, goes the adage. In the past one year, when the airline industry grappled with lower yields, a spike in crude oil prices and a weaker rupee, the company’s shares have fallen 48%, while those of InterGlobe Aviation Ltd have corrected only 6%. Both airlines broke even last quarter, following a strategy …

Q3 results: SpiceJet reports surprise profit after two quarters of losses
6 years, 1 month ago

Q3 results: SpiceJet reports surprise profit after two quarters of losses

Live Mint  

Mumbai: SpiceJet Ltd, India’s second-largest budget airline by market share, swung to an unexpected net profit in the December quarter after two straight quarters of losses. SpiceJet’s results mirror those of India’s largest domestic carrier, IndiGo, which reported a 75% year-on-year drop in net profit in Q3 to ₹190.88 crore. SpiceJet said it has added a dozen new planes—nine Boeing …

SpiceJet fails to avoid a rough landing in Q2 as well
6 years, 4 months ago

SpiceJet fails to avoid a rough landing in Q2 as well

Live Mint  

SpiceJet Ltd succumbed miserably to the cost pressures facing the Indian aviation sector. While the rally in crude oil prices and a weak rupee were expected to hit all airlines, its performance for the quarter ended 30 September, or Q2, turned out to be worse than the already low expectations. Aircraft fuel expenses, expressed as a percentage of total revenues, …

Q2 results: SpiceJet posts second straight loss on high fuel cost
6 years, 4 months ago

Q2 results: SpiceJet posts second straight loss on high fuel cost

Live Mint  

Mumbai: Low-fare airline SpiceJet Ltd on Wednesday posted a second straight quarterly loss as increase in fuel costs and a weak rupee offset higher revenue. Also, the September quarter is traditionally a weak quarter when it comes to demand, so there was a pricing pressure on the airline,” SpiceJet’s chief financial officer Kiran Koteshwar said over phone. SpiceJet plans to …

Q2 results: Jet remains off course, posts third straight quarterly loss
6 years, 4 months ago

Q2 results: Jet remains off course, posts third straight quarterly loss

Live Mint  

Mumbai: Jet Airways Ltd posted a worse-than-expected loss for the third straight quarter on higher fuel costs and foreign currency losses. “At the strategic level, the company remains committed and is on track to realise most of the outcomes that were outlined as part of its turnaround strategy last quarter, including cost savings in excess of ₹ 2,000 crore over …

Steering away from fare war hurt Jet Airways’ load factor, results
6 years, 6 months ago

Steering away from fare war hurt Jet Airways’ load factor, results

Live Mint  

Mumbai: Financially-troubled Jet Airways Ltd has sought to avoid a fare war with rivals as part of its strategy to boost yields. During the period, its revenue grew at the slowest pace among domestic listed carriers—InterGlobe Aviation Ltd, which runs IndiGo and SpiceJet Ltd. Jet Airways’ chief financial officer Amit Agarwal told analysts at a post-earnings conference call on Tuesday …

SpiceJet Q3 profit rises over 32% on higher occupancy, air fares
7 years, 1 month ago

SpiceJet Q3 profit rises over 32% on higher occupancy, air fares

Live Mint  

New Delhi: SpiceJet Ltd on Wednesday reported a 32% rise in fiscal third quarter profit from a year ago on higher demand for air travel, allowing the low-cost airline to extract higher fares. “Twelve successive profitable quarters, record aircraft orders, industry’s best load factor, high on-time performance and constantly exploring new growth avenues—SpiceJet remains firmly on track on its long-term …

SpiceJet chairman and MD Ajay Singh, who may be buying NDTV, is a turnaround man
7 years, 6 months ago

SpiceJet chairman and MD Ajay Singh, who may be buying NDTV, is a turnaround man

Firstpost  

If Ajay Singh, who saved SpiceJet from the brink, indeed buys NDTV, will he be able to run the media company without biases and intervention? Ajay Singh, who turned around budget carrier SpiceJet, is set to buy NDTV for a total deal value of Rs 600 crore, a report in The Indian Express has said on Friday. “Yes, the deal …

SpiceJet posts Rs 238 crore profit for third quarter aided by drop in fuel cost
9 years, 2 months ago

SpiceJet posts Rs 238 crore profit for third quarter aided by drop in fuel cost

Firstpost  

Budget airline SpiceJet today reported a net profit of Rs 238.40 crore for the three-month period ended December 2015, staying profitable for the fourth straight quarter mainly aided by lower fuel costs. New Delhi: Budget airline SpiceJet today reported a net profit of Rs 238.40 crore for the three-month period ended December 2015, staying profitable for the fourth straight quarter …

Smooth takeoff: SpiceJet stock soars nearly 7% after co offers EMI option on its new scheme
9 years, 8 months ago

Smooth takeoff: SpiceJet stock soars nearly 7% after co offers EMI option on its new scheme

Firstpost  

Over the past one month, SpiceJet stock has surged more than 24 percent Shares of low-cost carrier SpiceJet sky-rocketed nearly 7 percent in early trade Friday, boosted by the company’s new scheme offer called ‘Book Now, Pay Later’. As per the scheme announced late Thursday, passengers with credit cards issued by the above mentioned banks can pay as per their …

SpiceJet gains 1% on settlement with Irish lessor
10 years ago

SpiceJet gains 1% on settlement with Irish lessor

The Hindu  

Shares of SpiceJet on Monday settled with gains of over 1 per cent after the budget carrier reached an out of court settlement with its Irish lessor, pushing up its market capitalisation by Rs. The shares of the company opened on a bullish note, then jumped 7.22 per cent to an intra-day high of Rs. “SpiceJet Limited has today entered …

SpiceJet promoters will suffer huge loss: CFO
10 years, 2 months ago

SpiceJet promoters will suffer huge loss: CFO

The Hindu  

Exiting the cash-strapped SpiceJet will cause “a substantial capital loss” to its existing promoters Sun TV group, says the group CFO, SL Narayanan. In an interview to Business Line, he said, “The existing promoters will be incurring a substantial capital loss on the transfer of these shares.” However, as part of the revival plan submitted to Ministry of Civil Aviation, …

SpiceJet stocks up 9.92 per cent after Maran quits
10 years, 2 months ago

SpiceJet stocks up 9.92 per cent after Maran quits

The Hindu  

SpiceJet is back in limelight as the existing promoters, the Marans of Sun Group, have decided to pass on the ownership and control of the airline to Ajay Singh, who co-founded the airline in 2005. A day after the SpiceJet board approved the transfer of ownership and management, SpiceJet stock surged 10 per cent and got locked in the upper …

SpiceJet shares surge 10% as Ajay Singh checks in
10 years, 2 months ago

SpiceJet shares surge 10% as Ajay Singh checks in

India TV News  

New Delhi: Stocks of SpiceJet today surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore. Cash-strapped SpiceJet's original promoter Ajay Singh returned to the airline with a long-term plan entailing an investment of up to Rs 1,500 crore, as Maran family agreed …

SpiceJet stock price up as ownership changes
10 years, 2 months ago

SpiceJet stock price up as ownership changes

The Hindu  

The board of SpiceJet Ltd at its meeting held on Thursday decided to transfer control of the airline to Ajay Singh, who used to run the airline previously. "The Board of Directors of the Company at its meeting held on January 15, 2015, has taken on record the proposal of the principal shareholder and promoter Kalanithi Maran and KAL Airways …

Desperate measures: SpiceJet may axe 1,000 jobs to cut losses; life support continues
10 years, 2 months ago

Desperate measures: SpiceJet may axe 1,000 jobs to cut losses; life support continues

Firstpost  

SpiceJet had presented a revival plan to the Civil Aviation Ministry in late December but was asked to submit a revised plan with more details Troubled budget airline SpiceJet continued to get life support to remain alive as the company struggled to cut losses and turn attractive for a fund infusion from its saviour Ajay Singh. According to a report …

SpiceJet shares continue to plunge, down 17 p.c.
10 years, 3 months ago

SpiceJet shares continue to plunge, down 17 p.c.

The Hindu  

Continuing its plunge for the fourth straight session on Tuesday, shares of SpiceJet tanked 17 per cent even as the beleaguered company got a breather with indications that state-run Airports Authority of India would not press for immediate clearance of Rs 200 crore dues. Amid continued sluggish investor sentiment for the shares of the Kalanithi Maran-led company, SpiceJet plunged 16.97 …

SpiceJet shares sink nearly 13%
10 years, 3 months ago

SpiceJet shares sink nearly 13%

The Hindu  

Shares of budget carrier SpiceJet tumbled nearly 13 per cent in early trade on Monday amid a flurry of negative news including fund drought and large-scale flight cancellations. Concerned over deteriorating condition of SpiceJet and large-scale flight cancellations, aviation regulator DGCA last week withdrew 186 of its slots and asked it to clear salary dues of all its employees by …

Spicejet shares slump nearly 13%
10 years, 3 months ago

Spicejet shares slump nearly 13%

The Hindu  

Shares of Spicejet tumbled nearly 13 per cent on Friday amid reports that the Airports Authority of India has decided to withdraw credit facility to the low-cost carrier. Meanwhile, Civil Aviation Minister Ashok Gajapathy Raju had yesterday said that the airline sector is running through a “lot of turbulent weather” with troubled Spicejet seeming to give “us heart attacks“. The …

SpiceJet mum on sell-out
10 years, 4 months ago

SpiceJet mum on sell-out

The Hindu  

Amid reports of a possible stake sale, low-cost airline SpiceJet on Friday said it was exploring all options to mop up funds to overcome the cash crunch. The statement comes following media reports that promoter Kalanithi Maran, who holds 58.4 per cent stake along with the Sun group, is exploring either a sell-out or partial dilution of his stake. The …

Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore
10 years, 4 months ago

Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore

Firstpost  

SpiceJet has been discounting ticket prices, trimming costs and reducing the size of its fleet in the last few months Indian budget carrier SpiceJet Ltd lost Rs 310 crore in the three months to September 30, the company said late on Friday, less than the Rs 560 crore it lost last year, after it lowered fares to fill more seats. …

SpiceJet shares jump 13% on June quarter operating profit
10 years, 7 months ago

SpiceJet shares jump 13% on June quarter operating profit

Firstpost  

Last week, SpiceJet reported a net loss of Rs 124.10 crore for the three months ended June, mainly bogged down by higher expenses. June quarter operating profit at Rs 90 crore before restructuring and certain one-off costs, helps the rally. SpiceJet also incurred “restructuring and certain one-off costs consisting of Rs 133 crore relating to restructuring of the network and …

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