India's SpiceJet July-Sept loss narrows 32 pct
NEW DELHI Nov 12 (Reuters) - SpiceJet Ltd, India's second-biggest budget airline by market share, narrowed losses by 31.7 percent in the July-September quarter, benefiting from massive cuts in capacity by troubled rival Kingfisher Airlines.
SpiceJet said on Monday it lost 1.64 billion rupees ($30 million) in the quarter that ended on Sept. 30, compared with a loss of 2.40 billion rupees a year ago. ($1 = 54.7550 Indian rupees) (Reporting by Anurag Kotoky; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
Trending On Reuters
India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. Full Article | Full Coverage