 "SpiceJet")
SpiceJet on Wednesday reported a loss of Rs 462 crore for the September quarter, its first quarterly loss during the current
financial year. This was on the back of higher costs during a seasonally weak quarter.
The numbers could havebeen worse, if the Rs 171-crore compensation from aircraft manufacturer Boeing wasn’t accounted for — a component that was contested by the airline’s auditor. SpiceJet has claimed compensation from Boeing for the grounding of the 737 Max. However, the process hasn’t been started by Boeing yet. The airline had claimed compensation of Rs 114 crore in the previous quarter, and is yet to
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