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SpiceJet Q2 net loss widens YoY to Rs Rs 561.7 crore, revenue up 27%

The company had posted a loss of Rs 112.5 crore in the year-ago period. In the previous quarter (June 2021), the loss stood at Rs 729 crore.

November 12, 2021 / 10:28 PM IST
 (File Image)

(File Image)

Low-cost airline SpiceJet on November 12 reported a loss of Rs 561.7 crore for the quarter ended September 2021 (Q2FY22). The company had posted a loss of Rs 112.5 crore in the year-ago period. In the previous quarter (June 2021), the loss stood at Rs 729 crore.

Revenue from operations came in at Rs 1,301.7 crore, up 28 percent against Rs 1,016.1 crore in the corresponding quarter of the previous fiscal. Total revenue from operations came in at Rs 1342.5 crore, up 27.2 percent against Rs 1,055 crore logged in the September 2020 quarter.

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Total expenses increased to Rs 2,100.4 crore in the period under review from Rs 1,405.6 crore in the second quarter of 2020-21. The airline had incurred a net loss of Rs 729 crore in the first quarter of the current financial year.