SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, and Rs 998 crore in FY19, FY20, and FY21, respectively

SpiceJet on Wednesday announced that it incurred a loss of Rs 458 crore in the January-March quarter (Q4) of FY22 and Rs 789 crore in the April-June quarter (Q1) of FY23 due to high fuel prices, a depreciating rupee, and the third wave of Covid-19. 

The overall loss incurred by SpiceJet in FY22 was Rs 1,725 crore, 73 per cent more than the previous year. The financially-bel­ea­guered airline had delayed its results for Q4­FY22 and FY22.

Meanwhile, the carrier said its chief financial officer (CFO), Sanjeev Taneja, has resigned with immediate effect. “The Board has also identified the candidate for appointment as