For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Spicejet falls as losses mount

|

Spicejet falls as losses mount
Spicejet: Quotes, News
BSE 60.01BSE Quote0 (0.00%)
NSE 31.7NSE Quote0 (0.00%)
Shares of SpiceJet fell in trade today after the company reported record quarterly losses. The shares were last trading at 19.30% on the Bombay Stock exchange, down almost 3 per cent.

The company reported a quarterly loss of Rs 559 crores. Most of the companies in the aviation business have been adversely affected this quarter as the rupee depreciated against the dollar, leading to higher aviation turbine fuel.

 

In fact, the rupee fell to a historic low against the dollar of 68.81 earlier in Sept making oil and aviation turbine fuel more expensive for aviation companies like SpiceJet.

 

In fact, companies like Jet Airways also reported huge losses, hit by expensive aviation turbine fuel.

GoodReturns.in

Read more about: spicejet aviation turbine fuel
Story first published: Friday, November 8, 2013, 12:20 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X