SpiceJet fails to avoid a rough landing in Q2 as well
SpiceJet's capacity addition is expected to pick up in the second half of the fiscal year and that bodes well for volume and growth
SpiceJet Ltd succumbed miserably to the cost pressures facing the Indian aviation sector. While the rally in crude oil prices and a weak rupee were expected to hit all airlines, its performance for the quarter ended 30 September, or Q2, turned out to be worse than the already low expectations. Net loss of ₹ 389 crore was much more than consensus loss of ₹ 261 crore by analysts polled by Bloomberg.