NEW DELHI, May 30 (Reuters) - Indian low-cost carrier Spicejet said on Wednesday net loss for January-March quarter widened more than four-fold to 2.49 billion rupees ($44.61 million), as fuel and airport charges swelled in the country’s fiercely competitive market.
The No. 3 Indian carrier by market share had incurred losses of 586 million rupees in the year-ago period.
Spicejet said there was some easing in costs in recent months, and sees lower fuel costs once the company starts importing jet fuel directly.
$1 = 55.8150 Indian rupees Reporting by Anurag Kotoky; editing by Malini Menon