SpiceJet loss widens; CFO resigns

Low-cost provider, SpiceJet on Wednesday noticed widening of its losses on a year-on-year foundation through the January-March quarter of FY22 as effectively the April-June quarter of the present fiscal.

The airline posted a web lack of Rs 458 crore for the quarter ending March in opposition to Rs 235.3 crore within the year-ago interval. During the April-June quarter, web losses stood at Rs 789 crore in opposition to Rs 729 crore a 12 months again.

Meanwhile, SpiceJet chief monetary officer Sanjeev Taneja resigned on Wednesday. The airline mentioned its board has recognized a candidate for the place and it shall be stuffed in September.

SpiceJet had delayed asserting the Q4FY22 outcomes resulting from a ransomware assault. “Record high ATF prices and depreciating rupee were the major contributors,” Ajay Singh, CMD, SpiceJet, mentioned in an announcement.

Meanwhile, as per a PTI report, the Directorate General of Civil Aviation (DGCA) deregistered two extra Boeing 737 planes of SpiceJet following non-payment of dues to lessors. With the newest deregistration, a complete of six Boeing 737 plane of the price range provider have been deregistered in August.  WITH FE & PTI