SpiceJet posts Rs 67 cr net loss in Q3 vs Rs 78 cr profit a year ago

While revenue from operations halved, SpiceJet gained due to Rs 209 crore of other income, including claims due from Boeing towards grounding of 737 Max and concessions in lease rent from lessors

SpiceJet posted Rs 66.7 crore consolidated net loss in third quarter of FY21 as the aviation and travel sector continues to face the adverse impact of the Covid-19 pandemic. In the same quarter last year, the airline had posted a net profit of Rs 77.9 crore.

While revenue from operations halved, SpiceJet benefitted due to Rs 209 crore of other income. This included claims due from aircraft manufacturer Boeing towards grounding of 737 Max aircraft and concessions in lease rent from lessors.

Total income for the reported quarter halved to Rs 1,901 crore from Rs 3,926 crore in same period