InvestorQ : Is SpiceJet once again into financial problems?
Tisha Malhotra made post

Is SpiceJet once again into financial problems?

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Aashna Tripathi answered.
4 weeks ago
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SpiceJet is getting deeper into a financial mess after its losses for June 2022 quarter widened to Rs789 crore. To aggravate matters, CFO Sanjeev Taneja has put in his papers. In recent months, SpiceJet has faced a cash crunch and a series of near mishaps in mid-air. The airline has been badly hit by high fuel prices and weakness in the rupee. Total revenues for the quarter nearly doubled yoy to Rs2,478 crore. SpiceJet is also running at reduced capacity after the spate of near misses it had.
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