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SpiceJet - Net losses widen four fold in FY2Q08/09

5-Dec-2008

For every two dollars in revenue generated last quarter, SpiceJet lost more than three – effectively burning through half the nearly USD80 million in fresh funding received by US-based private equity fund, WL Ross and Co in Jul-08. [706 words]

Unlock the following content in this report:

Subheadings:

  • CFO resigns
  • Passenger numbers down 16.6% in Oct-08

Graphs and data:

  • SpiceJet financials for three months ended 30-Sep-08
  • SpiceJet operating profit margin and net profit margin: 2QFY08 to 2QFY09
  • Indian domestic market share in Oct-08
  • SpiceJet passenger traffic & growth rate (% change year-on-year): Nov-07 to Oct-08
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