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SpiceJet narrows second quarter losses

Delhi-based SpiceJet narrowed its losses in the three months ended 30-Sep-2009, reporting a net loss of USD22 million (compared to a USD42.0 million loss in the previous corresponding period), helped by lower fuel costs. CEO, Sanjay Aggarwal, cited low yields as a key reason behind the loss despite an increase in revenue and a stable cost base.

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