SpiceJet reported a net loss of Rs 577.7 crore for the quarter ended September . The carrier also reported a non-cash forex loss of Rs 260 crore .
SpiceJet reported a net loss of Rs 577.7 crore for the quarter ended September.The carrier also reported a non-cash forex loss of Rs 260 crore, according to the corporation.The airline had suffered a significant loss due to record high fuel costs and a depreciating rupee.In the second quarter of fiscal 2022-23 (Q2FY2023), the low-budget carrier reported a loss of Rs 561.7 crore in the September quarter, which was followed by a 40% increase in its cargo division of SpiceJet, SpiceXpress.