Under Covid stress, SpiceJet's net loss widens to Rs 729 cr in Q1

The company says it continues to incur various costs owing to the grounding and the inability of Boeing 737 Max aircraft to undertake revenue operations

SpiceJet reported a standalone net loss of Rs 729 crore for the June quarter as the operations were significantly hit due to the continued impact of Covid‐19 which has seriously disrupted travel demand.

The company has been reeling under the Covid stress for quite sometime now as it had posted losses of Rs 235 crore and Rs 593 crore in the March quarter and corresponding quarter of last year respectively.

Revenue from operations rose 112 per cent to Rs 1,089 crore for the reporting quarter as against Rs 514 crore in the last year period.

“The last five quarters have