SpiceJet's losses widen in Q4FY22, Q1FY23; CFO Sanjeev Taneja resigns

In a stock exchange filing, the company said it has resolved to infused additional capital of up to $200 mn into the airline

Low-cost carrier SpiceJet Ltd said on Wednesday Chief Financial Officer Sanjeev Taneja had resigned amid widening losses and a series of mid-air incidents.

SpiceJet on Wednesday reported a widening of net loss to Rs 789 crore for the three months ended June, mainly hit by high fuel prices and a fall in the rupee.

The low-cost carrier, which has been facing turbulent times, had a net loss of Rs 729 crore in the quarter ended June 2021.

"Total revenue for the reported quarter was Rs 2,478 crore as against Rs 1,266 crore in the same quarter of the previous year,"