SpieceJet shares fall on high quarterly loss, CFO resigns


Mumbai, Sep 1 (IANS): Shares of SpiceJet Ltd fell as much as 15 per cent on Thursday after the company reported huge loss in April-June following which its Chief Financial Officer Sanjeev Taneja had resigned.

At 10.15 a.m., shares of SpiceJet were trading at Rs 43.65, down Rs 2.70 or six per cent from its previous close.

On Wednesday, SpiceJet had reported a widening of net loss to Rs 789 crore for the quarter under review on back of high fuel prices and sharp fall in rupee.

"Total revenue for the reported quarter was Rs 2,478 crore as against Rs 1,266 crore in the same quarter of the previous year," the airline said in a release.

Separately, SpiceJet employees on Wednesday alleged delay in the disbursal of salaries for the second straight month, with the budget airline saying the payments were being made in a "graded format".

 

  

Top Stories


Leave a Comment

Title: SpieceJet shares fall on high quarterly loss, CFO resigns



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.