SpiceJet reported a Q3 operating revenue of 13.84 billion rupees but faced a net loss of 2.69 billion rupees, impacted by one-time charges linked to new labour codes. The airline continues to battle cost pressures even as revenues show resilience in a competitive aviation market.
SpiceJet Ltd has announced its financial results for the third quarter, reflecting a mixed performance. While the airline posted total revenue from operations at 13.84 billion rupees, it recorded a net loss of 2.69 billion rupees. The loss was further deepened by a one-time charge of 185.62 million rupees due to compliance with newly implemented labour codes.
Key Highlights
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Revenue from operations stood at 13.84 billion rupees in Q3
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Net loss widened to 2.69 billion rupees for the quarter
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One-time charge of 185.62 million rupees linked to new labour codes
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Cost pressures and regulatory adjustments continue to weigh on profitability
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Revenue resilience indicates demand recovery in the aviation sector
The results underline the challenges faced by Indian carriers in balancing rising operational costs with regulatory compliance, even as passenger demand shows signs of steady recovery.
Sources: Reuters, Economic Times, Business Standard