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Crisis-hit SpiceJet halves net loss to Rs 428 crore in Q2

To raise Rs 2,250 crore through equity

Crisis-hit SpiceJet on Tuesday reported nearly halving its net loss to Rs 428 crore in the latest September quarter compared to the year-ago period. - File photo

New Delhi, December 12

Crisis-hit SpiceJet on Tuesday reported nearly halving its net loss to Rs 428 crore in the latest September quarter compared to the year-ago period.

It stood at Rs 829.98 crore in the year-ago period, according to the regulatory filing. The airline also announced that it will raise more than Rs 2,250 crore through the issuance of shares and warrants to 64 entities, a move that will help the carrier to navigate the financial turbulence.

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