SpiceJet July-Sept loss narrows 32 pct

SpiceJet Boeing 737-800 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012. REUTERS/Vivek Prakash/FilesNEW DELHI (Reuters) - SpiceJet Ltd, India's second-biggest budget airline by market share, narrowed losses by 31.7 percent in the July-September quarter, benefiting from massive cuts in capacity by troubled rival Kingfisher Airlines (KING.NS).SpiceJet...

SpiceJet July-Sept loss narrows 32 per cent

Timesofindia.com.Ltd, India's second-biggest budget airline by market share, narrowed losses by 31.7 percent in the, benefiting from massive cuts in capacity by troubled rival Kingfisher Airlines.SpiceJet said on Monday it lost 1.64 billion rupees ($30 million) in the quarter that ended on Sept. 30, compared with a loss of 2.40 billion rupees a year ago.India's SpiceJet July-Sept loss narrows 32 p...

SpiceJet lifted by Kingfisher's woes

DELHI (Reuters) - SpiceJet, India's second-biggest budget carrier by market share, reduced its second-quarter losses by 32 percent, benefiting from massive cuts in capacity by rival Kingfisher Airlines.The losses still reflect the fiercely competitive aviation industry, which lost a combined $2 billion last year. All but unlisted IndiGo lost money, hurt by high state taxes on jet fuel, expensive airports...

Accumulated losses at Spicejet have eroded its entire net worth: Auditor

second-biggest budget airline by market share, narrowed losses by 31.7 percent in the July-September quarter, benefiting from massive cuts in capacity by troubled rival Kingfisher Airlines.SpiceJet said on Monday it lost Rs 164 crore in the quarter that ended on September 30, compared with a loss of Rs 240 crore a year ago.Meanwhile, the company's auditors said that accumulated losses at the airline...

SpiceJet July-Sept loss narrows 32 pct

SpiceJet Boeing 737-800 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012.(Reuters) - SpiceJet Ltd, India's second-biggest budget airline by market share, narrowed losses by 31.7 percent in the July-September quarter, benefiting from massive cuts in capacity by troubled rival Kingfisher Airlines (SpiceJet said on Monday it lost 1.64 billion rupees in...