SpiceJet Limited, until recently the country’s second largest airline, has posted a loss of Rs. 562 crore for the quarter ended September. Depending on how one sees it, the outcome is either good -- or bad. Sequentially, the loss was lower than the one it posted in the June quarter because traffic improved, but when compared to the year-ago quarter, the loss worsened. In normal times, the comparison is always to the year-ago quarter; in the post-COVID era air traffic patterns have been decoupled from past performance and become tied to the trajectory in cases of the disease. As passenger traffic returns to pre-COVID levels, the airline’s curtailed schedule could have a negative impact on its finances.
Tuesday, November 16, 2021
Making sense of SpiceJet's Q2 results: Can the airline make a comeback?
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