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SpiceJet's Turnaround Track Record Faces Its Biggest Test Yet
The airline has lost money for four years on the trot, with combined consolidated losses of Rs 4,013 crore.
07 Oct 2022, 10:50 AM IST
SpiceJet Ltd. is no stranger to hard times, having tackled trouble several times in its 17 years of operations. Still, after the pandemic, it has run into its most-turbulent patch yet.Over the last few months, the low-cost carrier reported safety snags, sent pilots on leave without pay, grappled with the exit of Chief Financial Officer Sanjeev Taneja, and witnessed its stock plummet.At the root of all this is the company’s financial ...
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