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<keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword>, which is facing headwinds, on Wednesday reported widening of net loss to Rs 789 crore in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise USD 200 million, which is around Rs 1,600 crore at current exchange rates and expects to complete the hiving-off of its profitable cargo business into a separate company in the current quarter. In continuing woes for the carrier, aviation watchdog DGCA on Wednesday deregistered two more <keyword id="6357957" type="General" weightage="50" keywordseo="boeing" source="Orion">Boeing</keyword> 737 planes of SpiceJet, following non-payment of dues to lessors. With the latest deregistration, a total of six Boeing 737 aircraft of the budget carrier have been deregistered in August. The crisis-hit airline has also delayed payment of salaries to staff for the second straight month. However, SpiceJet said it has started crediting salaries from today and like the previous month, "salary will be credited in a graded format". Moreover, in the independent auditor's review report of the airline's latest quarterly results, it has been mentioned that there are indications of material uncertainties "that may cast significant doubt about the group's ability to continue as a going concern". On Wednesday, the airline also said that its Chief Financial Officer Sanjeev Taneja has resigned. The low-cost carrier had a net loss of Rs 729 crore in the quarter ended June 2021. In the latest June quarter, the net loss is Rs 420 crore, excluding forex adjustment. "Total revenue for the reported quarter was Rs 2,478 crore as against Rs 1,266 crore, a year-on-year growth of 126 per cent, in the same quarter of the previous year," the airline said in a release. The airline, which had delayed its March quarter and FY2022 earnings, saw its net loss widen to Rs 458 crore in the 2022 March quarter from Rs 235.3 crore in the year-ago period. For the full fiscal year 2021-22, the net loss surged 73 per cent to Rs 1,725 crore from Rs 998.30 crore in the comparable period. According to the airline, business was severely impacted by the third wave of the coronavirus pandemic and high fuel prices in the March quarter. SpiceJet Chairman and Managing Director <keyword id="6357826" type="General" weightage="50" keywordseo="ajay-singh" source="Orion">Ajay Singh</keyword> said the industry has been witness to one of the most severe operating environment in the recent past, which impacted the progress and recovery made in the third quarter of FY2022. In the June quarter, jet fuel prices rose 105 per cent on a year-on-year basis and 40 per cent on a sequential basis, the airline said. "We are optimistic about our future and our continued recovery and in order to achieve our future plans, the board has mandated fresh capital issuance and the company will be shortly engaging with investment bankers for a potential raise of up to USD 200 million," he said. The airline's cargo arm <keyword id="6866514" type="General" weightage="50" keywordseo="spicexpress" source="Orion">SpiceXpress</keyword> was in black during the first quarter of the current fiscal. It reported a net profit of Rs 18 crore. Cargo revenues rose 74 per cent to Rs 1,944 crore in FY2022. "We will soon conclude the hive-off of cargo business into a separate independent company, SpiceXpress in the current quarter which will be followed by capacity enhancement with additional freighter aircraft within FY2023," Singh said. Meanwhile, certain concerns have been flagged in the independent auditor report of the company's quarterly results. "... the group has an incurred net loss (after other comprehensive income) of Rs 7,827.82 million during the quarter ended 30 June 2022 and, as of that date, the group's accumulated losses amounts to Rs 67,471.11 million, which have resulted in complete erosion of its net worth and the current liabilities have exceeded its current assets by Rs 67,719.67 million as at 30 June 2022," it said. According to the report, these conditions and other matters indicate the existence of a material uncertainties that may cast significant doubt about the Group's ability to continue as a going concern. Singh said that despite the complex operating environment and highest-ever input costs, SpiceJet has been able to sustain its operations. "Last year was a period of restructuring and settlements and we successfully completed and implemented settlements with most of our major partners, including manufacturers and lessors setting the stage for our seamless growth and expansion. "As we move ahead, we are encouraged with the strong travel demand and our focus for the next year would be to induct more fuel-efficient Boeing 737-8 MAX aircraft and concentrate on our regional and international routes," he added. In recent months, SpiceJet has been facing turbulent times, including financial headwinds. In July, the regulator directed the airline to operate only 50 per cent of flights in the wake of many of its planes facing technical issues. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/airfares-may-get-costlier-this-festive-season-as-theres-no-cap-ticket-prices-from-now/articleshow/93917729.cms">Airfares may get costlier this festive season as there's no cap ticket prices from now</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/this-multi-cap-fund-has-survived-the-worst-market-cycles-and-yet-delivered-the-highest-returns/articleshow/93914048.cms">This multi-cap fund has survived the worst market cycles and yet delivered the highest returns</a>

SpiceJet net loss widens to ₹789 crore, CFO resigns

<ul><li>Qatar has temporarily suspended incoming flights from 15 countries, including India.</li><li><keyword id="6356167" type="UNKNOWN" weightage="20" keywordseo="goair">GoAir</keyword> is offering free rescheduling on flights booked between March 8 to April 30 for travelling anytime up to September 30.</li><li><keyword id="6354706" type="DEFINITION" weightage="20" keywordseo="IndiGo">IndiGo</keyword> has suspended flights to and from Doha till March 17 and is offering a full refund on cancelled tickets.</li></ul> The <keyword id="8595403" type="UNKNOWN" weightage="20" keywordseo="Coronavirus-outbreak">coronavirus outbreak</keyword> has everyone rearranging their travel plans. Airports are rigorously screening incoming passengers for the <keyword id="8763838" type="UNKNOWN" weightage="20" keywordseo="covid-19">Covid-19</keyword> and 12 countries have been placed on the Airport Authority of India’s (AAI) watch list. The good news is that most airlines are now allowing passengers to either cancel their tickets without any penalty or at least letting them reschedule their flight to a later date. If you’re one of the people with travel plans any time before April 30 or are looking to make tentative plans, but are unsure if you’ll be eligible for a refund if things get worse, here’s everything you need to know about airlines operating in India. <ul><li>Passengers with <a href="https://twitter.com/airindiain/status/1237022740197990402">Air India</a> with travel plans on or before April 30 can reschedule their flights — domestic and international — for free. Any new bookings made before March 31 will also be eligible for a free one-time change. However, any fee changes due to re-routing will be charged.</li></ul> <ul><li><a href="https://twitter.com/goairlinesindia/status/1236539672567762944">GoAir</a> is also offering free rescheduling. Any flight booked between March 8 to April 30 for travelling anytime up to September 30 can be changed. Travellers can make changes up to 14 days prior to the date of departure. However, if there is any difference in fares, passengers will be charged accordingly.</li></ul> <ul><li>For GoAir flights to Singapore, Bangkok and Phuket, the airline is also offering a full waiver on cancellation since all scheduled trips temporarily been suspended.</li></ul> <ul><li>Go Air has also suspended all operations to Dammam.</li></ul> <ul><li>Travellers with <a href="https://twitter.com/flyspicejet/status/1236858259920883718">SpiceJet</a> with existing or new bookings between March 12 and March 31 can reschedule their flights for free, with the exception of any changes in the flight price.</li></ul> <ul><li>Air Asia passengers with flight bookings before March 31 can also reschedule for free.</li></ul> <ul><li><a href="https://twitter.com/IndiGo6E/status/1236994540004728833">IndiGo</a> has suspended flights to and from Doha till March 17 and is offering a full refund on cancelled tickets.</li></ul> <ul><li><a href="https://twitter.com/IndiGo6E/status/1236974227451834368">IndiGo</a> is also offering to reschedule flights without any fees for customers who have travel dates between March 12 to 31.</li></ul> <ul><li>SpiceJet, <keyword id="2573" type="CITY" weightage="20" keywordseo="Air-India">Air India</keyword> (until June 30) and IndiGo have suspended flights to Shanghai and Hong Kong.</li></ul> <ul><li>Shandong Airlines and Air China have suspended all of their flights to India.</li></ul> <ul><li>Qatar has temporarily suspended incoming flights from 15 countries, including India.</li></ul> Airports in India are also on high alert with medical screening set up to monitor incoming passengers from countries that have reported Covid-19 infections — like China, Hong Kong, Italy, South Korea, Indonesia, Vietnam, Japan and Iran. So far, the Chatrapati Shivaji Airport in Mumbai has screened 127,819 passengers from 1090 flights. All international airports have set up dedicated corridors for incoming passengers from at-risk countries to minimise the spread of the infection, including the Indira Gandhi International Airport in Delhi and the Chandigarh International Airport. See also: <a href="https://www.businessinsider.in/stock-market/news/indian-investors-lose-5-lakh-as-the-coronavirus-sweeps-over-the-stock-market/articleshow/74381404.cms">Indian investors lose ₹5 lakh crore as the coronavirus sweeps over the stock market</a> <a href="https://www.businessinsider.in/india/news/coronavirus-rattles-the-supply-chain-in-indias-largest-electronics-market-hitting-mobile-accessories-more-than-new-phones/articleshow/74484914.cms">Coronavirus rattles the supply chain in India’s largest electronics market, hitting mobile accessories more than new phones</a> <a href="https://www.businessinsider.in/tech/news/coronavirus-panic-exploited-by-hackers-to-infect-computers-with-malware/articleshow/73807243.cms">Hackers are using the coronavirus panic to trick victims into downloading malware</a>

Track how the coronavirus outbreak is affecting your travel plans and flights

<ul><li><keyword id="42740" type="COMPANY" weightage="20" keywordseo="Emirates">Emirates</keyword> has signed a codeshare and interline agreement with <keyword id="6358032" type="CITY" weightage="20" keywordseo="SpiceJet">Spicejet</keyword>.</li><li>Passengers will be able to book a single ticket to any of Emirates’ nine points across India and connect onwards to 172 domestic routes that are part of SpiceJet’s network. </li><li>Spicejet posted ₹463 crore loss for the second quarter of the current financial year</li></ul>Dubai-based Emirates has signed a codeshare and interline agreement with Indian budget airline Spicejet. Through this agreement, Indian customers can book Spicejet flights to Indian cities from the Emirates website itself. They can book a single ticket to any of Emirates’ nine points across India and connect to 172 domestic routes that are part of SpiceJet’s network. “In the last decade, we have flown more than 50 million customers on our Indian routes, which we now serve with 170 weekly services from Dubai. Our partnership will help us leverage SpiceJet’s extensive route network, so that our customers who are visiting friends and family can fly closer to their hometowns, while tourists can more easily access many of the incredible sights and sounds India has to offer,” Adnan Kazim, Emirates’ chief commercial officer said. Although the agreement is still subject to government approval, customers can start booking flights from 25 November, for <keyword id="6354692" type="UNKNOWN" weightage="20" keywordseo="Travel">travel</keyword> starting 15 December 2019. Kazim added that this will have a positive impact on businesses of both companies. Spicejet had posted ₹463 crore loss for the second quarter of the current financial year, even though it saw a 52% jump in revenue to ₹2,845 crore.

Emirates and Spicejet partner to offer more connectivity to Indian cities on a single ticket

<ul><li>Last week, a cash-starved <keyword id="6358200" type="DOMAIN" weightage="20" keywordseo="jet-airways">Jet Airways</keyword> decided to temporarily suspend operations after its creditors refused to give into its requests for emergency funding. </li><li>In the immediate aftermath of the move, domestic <keyword id="6375796" type="UNKNOWN" weightage="20" keywordseo="airfares">airfares</keyword> surged by as much as 200% owing to <keyword id="6390515" type="UNKNOWN" weightage="20" keywordseo="capacity">capacity</keyword> constraints and the fact that a number of prime flight slots were now empty. </li><li>As they get Jet’s flight slots, domestic airlines have no choice but to increase the size of their fleets to meet their flight commitments.</li></ul> Last week, a cash-starved Jet Airways decided <a href="https://www.businessinsider.in/jet-airways-last-flight-tonight-will-increase-airline-ticket-cost/articleshow/68925023.cms">to temporarily suspend operations </a>after its creditors refused to give into its requests for emergency funding. In the immediate aftermath of the move, domestic airfares surged by <a href="https://timesofindia.indiatimes.com/city/pune/domestic-airfares-surge-up-to-200-after-jet-airways-crisis/articleshow/68972003.cms">as much as 200%</a> owing to capacity constraints and the fact that a number of prime flight slots were now empty. This only served to hurt consumers, as they were forced to book flights at high prices while waiting for refunds from cancelled flights. That was expected. But even before Jet’s grounding, the Directorate General of Civil <keyword id="31907" type="COMPANY" weightage="20" keywordseo="Aviation">Aviation</keyword> (DGCA) has asked domestic airlines to <a href="https://timesofindia.indiatimes.com/business/india-business/dgca-asks-airlines-to-rein-in-fares-as-jet-crisis-takes-a-toll/articleshow/68914262.cms">keep flight prices in check</a>, given that at least 11 routes had seen average fares increase by more than 10% year-on-year. As <a href="https://timesofindia.indiatimes.com/business/india-business/dgca-asks-airlines-to-rein-in-fares-as-jet-crisis-takes-a-toll/articleshow/68914262.cms">90% of Jet’s slots </a>were unused, the process of allocating them to other airlines was also underway. As they get more flight slots, domestic airlines have no choice but to increase the size of their fleets to meet their increased flight commitments. In fact, instead of a planned addition of 80 planes at domestic carriers, the number has recently been <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/150-new-planes-this-fiscal-to-fight-fare-turbulence/articleshow/68983278.cms?from=mdr">increased to 150</a> - a third of which will be added at market leader Indigo. <keyword id="2573" type="COMPANY" weightage="20" keywordseo="Air-India">Air India</keyword> is currently in the process of securing some planes <a href="https://www.financialexpress.com/industry/air-india-looks-at-leasing-some-boeing-737s-of-grounded-jet-airways/1554785/">that were leased to Jet</a> for both international and domestic routes, having written to the State Bank of India <a href="https://www.livemint.com/companies/news/air-india-keen-on-taking-5-grounded-jet-boeings-1555577250188.html">for permission to do so</a>. AirAsia is also reportedly <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/150-new-planes-this-fiscal-to-fight-fare-turbulence/articleshow/68983278.cms?from=mdr">adding 14 planes</a> this coming quarter. Meanwhile, both <keyword id="6358032" type="DOMAIN" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword>, GoAir and Indigo have also moved to <a href="https://www.livemint.com/companies/news/jet-airways-crisis-spicejet-air-india-step-in-to-soften-blow-to-indian-aviation-industry-1555717072015.html">lease more planes and add more flights</a>. Spicejet alone has hired hundreds of Jet’s former employees. An estimated 20,000 employees were without work when the airline shut operations. Jet’s suspension is expected to last until the creditor-led bidding process for a majority stake in the airline is completed. However, if the bidding process fails to unearth a serious bidder - which is a possibility given the fact that Jet isn’t operational - the airline might have <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-crisis-lenders-keen-on-non-ibc-resolution-in-case-bidding-process-fails/articleshow/68974386.cms">to undergo liquidation proceedings</a>. SEE ALSO: <a href="https://www.businessinsider.in/jet-airways-last-flight-tonight-will-increase-airline-ticket-cost/articleshow/68925023.cms">Jet Airways might fly for the last time tonight and that's bad news for travellers</a> <a href="https://www.businessinsider.in/jet-needs-emergency-funding-of-4-billion-to-stay-airborne-until-a-buyer-swoops-in/articleshow/68915745.cms">Jet needs emergency funding of ₹4 billion to stay airborne until a buyer swoops in</a>

As Jet remains grounded, Indian airlines are increasing their fleets to rein in surging ticket prices

New Delhi, Mar 24 () SpiceJet on Tuesday said tickets booked for travel between March 25 and March 31 will be automatically cancelled and the amount spent can be used by passengers for bookings during the next one year.The airline's announcement came a day after the central government decided that no domestic flights will operate in India from March 25 to March 31. The government has also banned international flights till March 29."For the passengers who are travelling from March 25, 2020 till March 31, 2020, their bookings will be automatically cancelled and a reservation credit for the entire amount will be created and they can use it to make another booking for the same passenger for a period of one year from the original date of travel," SpiceJet said in a statement. DSP DPBDPB

Spicejet to turn tickets booked between Mar 25-31 into credit, can be used in one year

<ul><li><keyword id="6358032" type="COMPANY" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword> and <keyword id="6354706" type="DEFINITION" weightage="20" keywordseo="IndiGo">Indigo</keyword> have seen their share price rise by 60% and 14% respectively over the last month. </li><li>In the absence of funds and with over $1 billion in debt, Jet’s fleet of airplanes has shrunk from 119 at the beginning of the year to a current size of seven planes as its been unable to pay vendors. </li><li>Both SpiceJet and Indigo have moved quickly to expand their fleet and take over Jet’s cancelled flight routes. </li></ul> Jet’s woes are its rival’s fortunes. A decline in <a href="https://www.businessinsider.in/indias-largest-passenger-airline-just-posted-its-first-ever-quarterly-loss-since-going-public-and-its-results-reflect-the-larger-woes-of-the-countrys-aviation-sector/articleshow/66362156.cms">the highly competitive nature</a> of India’s <keyword id="31907" type="COMPANY" weightage="20" keywordseo="Aviation">aviation</keyword> market has been a boon for domestic airlines like SpiceJet and Indigo - which have seen their share price rise by <a href="https://www.google.com/search?q=spicejet+share+price&amp;rlz=1C1GCEU_enIN820IN820&amp;oq=spicejet+share+price&amp;aqs=chrome.0.0l6.3945j1j7&amp;sourceid=chrome&amp;ie=UTF-8">60%</a> and <a href="https://www.google.com/search?q=indigo+share+price&amp;rlz=1C1GCEU_enIN820IN820&amp;oq=indigo+share+price&amp;aqs=chrome.0.0l6.2229j1j7&amp;sourceid=chrome&amp;ie=UTF-8">14%</a> respectively over the last month as they have taken up the struggling airline’s <keyword id="34527" type="PERSON" weightage="20" keywordseo="market-share">market share</keyword>. In the absence of funds and with <a href="https://www.business-standard.com/article/companies/jet-says-hasn-t-got-interim-funding-extends-suspension-of-intl-flights-119041500982_1.html">over $1 billion in debt,</a> Jet’s fleet of airplanes has shrunk <a href="https://www.businessinsider.in/jet-airways-is-now-indias-smallest-airline-by-fleet-size/articleshow/68698956.cms">from 119</a> at the beginning of the year to a current size of seven planes as its been unable to pay vendors. It has also been unable to retain employees and maintain its flight schedule. As a result, it has slipped <a href="https://www.business-standard.com/article/companies/jet-airways-drops-to-fourth-place-in-market-share-pilots-write-to-pm-119032001005_1.html">to fourth place</a> in terms of domestic market share. One less competitor in the market means that the existing airlines have one less airline’s <a href="https://www.financialexpress.com/industry/how-cheap-flight-tickets-are-killing-airlines-in-indias-cutthroat-aviation-market/1294586/">low ticket prices </a>to worry about. Furthermore, both SpiceJet and Indigo have moved quickly to expand their fleet and take over Jet’s cancelled flight routes. Spicejet announced this morning that it was <a href="https://www.moneycontrol.com/stocks/reports/spicejet-announcement-under-regulation-30-lodrpress-release-media-release-14888221.html">adding five more Bombardier Q400s</a> to its fleet by June. Last week, it said that it was adding <a href="https://www.business-standard.com/article/markets/spicejet-to-induct-16-boeing-737-800-aircraft-stock-surges-18-in-two-days-119041200174_1.html">16 Boeing 737s</a>. In fact, analysts estimate that SpiceJet could increase its operating capacity <a href="https://www.livemint.com/market/stock-market-news/spicejet-surges-65-in-last-one-month-amid-jet-airways-financial-woes-1555390538332.html">by 35%</a> this year alone. As recently as this week, Jet’s international operations were put on hold till at least April 18th. Concurrently, SpiceJet has taken <a href="https://indianexpress.com/article/business/aviation/spicejet-laps-up-overseas-routes-vacated-by-jet-airways-to-fly-to-7-new-cities-5677423/">over seven </a>of the carrier’s international routes such as Hong Kong, Colombo and Kathmandu. Meanwhile, Indigo announced <a href="https://www.ndtv.com/business/indigo-announces-three-international-twenty-domestic-flights-routes-schedule-fare-details-here-2020829">23 new flights</a> last week, including international routes such as Mumbai-Jeddah and Mumbai-Abu Dhabi and domestic ones such as Mumbai-Indore and Mumbai-Patna. What’s more, Jet’s employees are also joining its rivals owing to non-payment of salaries. In fact, according to IANS, Jet’s pilots have joined SpiceJet after taking <a href="https://www.livemint.com/companies/news/jet-airways-pilots-engineers-joining-spicejet-at-30-50-pay-cut-report-1555232998455.html">a significant pay cut.</a> Jet’s continued trouble bodes well for SpiceJet and Indigo’s financial results. Both airlines are expected to report strong results for the quarter ended March. In the quarter ended December 2018, they reported <a href="https://www.livemint.com/market/mark-to-market/amid-jet-airways-crisis-indigo-and-spicejet-set-for-a-good-landing-in-q4-1554936063614.html">an improvement in pricing power,</a> which aided profitability. SEE ALSO: <a href="https://www.businessinsider.in/jet-airways-is-now-indias-smallest-airline-by-fleet-size/articleshow/68698956.cms">One of India’s oldest airlines is now its smallest by fleet size</a> <a href="https://www.businessinsider.in/Bidding-process-begins-for-troubled-carrier-Jet-Airways/articleshow/68898460.cms">Bidding process begins for troubled carrier Jet Airways</a> <a href="https://www.businessinsider.in/etihad-makes-dramatic-u-turn-with-intention-to-raise-stake-in-ailing-jet-airways/articleshow/68843567.cms">Etihad makes dramatic U-turn with intention to raise stake in ailing Jet Airways</a>

As Jet’s woes mount, rival airlines cash in on the gaps in India’s aviation market

On a path to revival, <keyword id="6358032" type="CITY" weightage="80" keywordseo="SpiceJet">SpiceJet</keyword> has managed to slash its debt burden by nearly Rs 1,200 crore to Rs 800 crore in the last one year, according to the airline's chief <keyword id="6357826" type="PERSON" weightage="80" keywordseo="Ajay-Singh">Ajay Singh</keyword>. 
 
Singh, who took over the reins of then crisis-hit SpiceJet early last year, said the turnaround process has taken off "very well". 
 
Riding on the back of four straight quarters of profit, SpiceJet is slowly moving from consolidation to expansion path and is preparing to trim costs in the long term. 
 
"The airline has cut down its debt burden by Rs 1,200 crore to Rs 800 crore in the last one year. The amount stood at around Rs 2,000 crore a year ago," he told PTI. 
 
The chairman and managing director of the carrier emphasised that there is enough positive cash flow now. "In terms of capital expenditure, the airline is comfortably placed," he added. 
 
Under the revival plan, Singh has so far infused equity worth Rs 800 crore. 
 
Citing SpiceJet's good show in the 2015 December quarter, where it posted Rs 238.40 crore profit, Singh asserted that the carrier is "climbing out of problems". 
 
Despite a reduction in fares during the 2015 December quarter, the unit revenue rose in the same period, he added. 
 
The highest-ever quarterly profit of Rs 238.40 crore in the latest December quarter came mainly on the back of nearly 35 per cent fall in fuel prices. 
 
"It was not just decline in fuel prices, the revenues also increased in the last quarter. The occupancy levels are on the rise and our planes are now much fuller," he noted. 
 
Total income from operations jumped to Rs 1,459.95 crore in the latest December quarter compared with Rs 1,311.18 crore in the year-ago period. 
 
It recorded a load factor of 91.6 per cent for the quarter, the highest in the industry. 
 
Referring to the changes in the past one year, Singh said the airline has done away with the practice of "indiscriminate sale of tickets" as was seen in the past. 
 
SpiceJet was known for coming out with flash sales, whereby tickets were offered at highly discounted prices, and the practice was very frequent under the ownership of the Marans. 
 
"We have not been doing indiscriminate sale of tickets. We are now much more careful and selective," Singh noted. 
 
Image credit: Indiatimes

You Searched For "spicejet flight tickets" and got 7 results

SpiceJet net loss widens to ₹789 crore, CFO resigns

PTI

Track how the coronavirus outbreak is affecting your travel plans and flights

Prabhjote Gill

Emirates and Spicejet partner to offer more connectivity to Indian cities on a single ticket

Sanchita Dash

As Jet remains grounded, Indian airlines are increasing their fleets to rein in surging ticket prices

Dilsher Dhillon

Spicejet to turn tickets booked between Mar 25-31 into credit, can be used in one year

PTI

As Jet’s woes mount, rival airlines cash in on the gaps in India’s aviation market

Dilsher Dhillon

Spicejet cuts debt by Rs 1,200 crore in just one year: Ajay Singh

BI India Bureau

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