Charge range provider SpiceJet on Tuesday reported a accumulate lack of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations attributable to the coronavirus-precipitated lockdown.
It had posted a accumulate profit of Rs 262.8 crore within the corresponding interval of the earlier monetary year.
The airline’s running earnings stood at Rs 521 crore within the first quarter of 2020-21, vastly lower as against Rs 3,002.8 crore a year ago, it mentioned in an announcement.
Working expenses within the course of the June 2020 quarter were Rs 1,311.6 crore, compared to Rs 2,886.7 crore within the year-ago interval.
SpiceJet Chairman and Managing Director Ajay Singh mentioned, “Flight operations were suspended for a great deal of part of the (first) quarter, and the partial resumption of flights before the entirety assign and feeble seek data from thereafter were a reminder of the numerous issues that this pandemic has resulted in.”
In July, the country’s ultimate airline IndiGo declared a accumulate lack of Rs 2,884.3 crore for the first quarter of 2020-21.
Scheduled domestic flight services were suspended in India from March 25 to May possibly possibly well possibly just 24 attributable to the lockdown. The domestic flights resumed from May possibly possibly well possibly just 25 but in a curtailed formulation.
Scheduled global flights had been suspended in India since March 23 attributable to the coronavirus-triggered lockdown. Nonetheless, special global passenger flights had been running in India below the Vande Bharat Mission since May possibly possibly well possibly just and below bilateral air bubble preparations formed between India and diversified countries since July.(Most productive the headline and represent of this file could well well also just had been transformed by the Alternate Traditional workers; the relaxation of the screech material is auto-generated from a syndicated feed.)