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November 18, 2020 – Bangalore Aviation

Daily Archives: November 18, 2020

SpiceJet Q2FY21 results: financial health remains fragile

November 18, 2020 Comments Off on SpiceJet Q2FY21 results: financial health remains fragile

The Q2FY21 results of India’s second-largest low-cost carrier point to the continued fragility of the airline’s financial health driven by large accumulated losses, questionable revenue recognition policy and uncertainty surrounding the resumption of international airline operations currently suspended on account of the pandemic. SpiceJet Q2FY21 results snapshot (in INR) comparisons to Q2FY20 ● Revenues ₹1,305 crores (down by 54%) ● …

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