SpiceJet loss rises 5-fold to Rs 198 crore

New Delhi: Delhi-based low-cost carrier SpiceJet’s losses, including foreign exchange losses, widened more than five times for the quarter ended September, 2008, to Rs 198 crore, compared to a loss of Rs 38 crore in the same quarter last year.
The losses included a loss of Rs 48 crore on account of restatement of forex debt. The net loss, excluding the foreign exchange loss, stood at Rs 150 crore.
01/11/08 Business Standard

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Categories: spicejet Nov 2008