SpiceJet reports Rs 171 crore loss in quarter on forex losses, rise in ATF costs

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The company's finance cost also went up to Rs 30 crore from Rs 24.35 crore a year ago. Reuters The company's finance cost also went up to Rs 30 crore from Rs 24.35 crore a year ago. Reuters
SummarySpiceJet's finance cost also went up to Rs 30 crore from Rs 24.35 crore a year ago.

against Rs 4,412 last year, which was not sufficient to fully offset cost increase.

Unfortunately, it was unable to effect stronger yield increases since air travel softened during the year, exacerbated by more seats on offer due to the planned addition of ircraft by the industry, including SpiceJet itself.

Load factor accordingly decreased to 70.5 per cent from 75 per cent, contributing to overall revenue per available seat kilometre (RASK) declining 6 per cent from Rs 3.8 last year to Rs 3.6 this year.

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