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SPICEJET FINANCIAL TURNAROUND
SpiceJet ropes in ex-IndiGo exec Sanjay Kumar as Executive Director to steer next growth phaseSpiceJet has appointed former IndiGo executive Sanjay Kumar as Executive Director to lead strategic initiatives focused on expansion and bu...- SpiceJet shares jump 4% after airline completes $24 million payment to Credit SuisseSpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-stan...
- SpiceJet shares rally 5% after reporting 173% YoY surge in Q4 profitSpiceJet share price surged over 5% on Monday after the company reported a sharp 173% YoY surge in standalone profit after tax for the Marc...
- SpiceJet Q4 Results: PAT jumps 173% YoY to highest-ever quarterly profit of Rs 325 croreSpicejet announced a significant profit increase for the March quarter. The airline's standalone profit after tax rose 173% YoY. This marks...
- SpiceJet Promoter Ajay Singh completes ₹500 crore equity infusion into airlineSpiceJet's founder Ajay Singh has infused ₹294.09 crore into the airline by converting warrants to equity shares, raising the promoter grou...
- SpiceJet shares in focus on posting Rs 26 profit in Q3 vs loss a year agoSpiceJet reports a turnaround, posting a Q3 profit of Rs 26 crore compared to a Rs 300 crore loss a year ago. This achievement is attribute...
- SpiceJet clocks profit on reduced expenseLow cost carrier SpiceJet reported a profit of Rs 25 crore for Q3FY25, a turnaround from a loss of Rs 301.5 crore in the same quarter last ...
- SpiceJet Q3 Results: Co posts Rs 26 profit vs loss a year ago; revenue up 35%SpiceJet Q3 Results: SpiceJet turned profitable in Q3 2024, recording a net profit of Rs 26 crore due to strong passenger demand and improv...
- SpiceJet clears Rs 160.07 cr employee provident fund duesSpiceJet has cleared Rs 160.07 Crore in pending employee provident fund (PF) dues accumulated over two years, along with other statutory li...
- SpiceJet is struggling to defy gravity. What are the odds?SpiceJet, once a leading airline, is grappling with severe financial distress. Grounded aircraft, unpaid dues, and a dwindling market share...
- SpiceJet improves financial position with another Rs 316 crore fundraisingSpiceJet has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their f...
- Why Ajay Singh of troubled SpiceJet seeks redemption in bankrupt Go FirstAjay Singh, known for turning around airlines, has bid for the bankrupt Go First airline. However, his own airline, SpiceJet, is also facin...
- SpiceJet promoter Ajay Singh, Busy Bee Airways submit bid for GoFirstSpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for financially troubled GoFirst, planning to operate it with SpiceJet's supp...
- SpiceJet focus on profitability; not crazy on market share: Ajay SinghReferring to SpiceJet's precarious financial position before he took over the reins in January 2015, Singh claimed that the airline now mak...
- SpiceJet plans NSE listingDuring the latest March quarter, the airline's total income from operations climbed to Rs 1,474.99 crore from Rs 790.91 crore in the same p...
- In a tactical shift, SpiceJet takes centre stage as InterGlobe Aviation disappoints StreetInterGlobe disappointed the Street with weak financials for the December quarter and its stock fell 23% in the past one week.
- Analysts, investors shun InterGlobe, shift loyalty to SpiceJet post resultsSpiceJet swung into green in December quarter with net profits of Rs 238 crore compared with a loss of Rs 275 crore reported for the same p...
- DGCA allows SpiceJet to open advance bookings beyond March 31"SpiceJet is pleased to announce that bookings for its flights are now open for its summer schedule," SpiceJet said in a statement.
- SpiceJet fleet thinning downAviation authorities are closely watching the crisis deepen at SpiceJet which needs immediate infusion of funds to survive.
- SpiceJet turnaround likely in a year: COO Sanjiv KapoorSpiceJet will complete a financial turnaround in a year and bring in an equity partner "hopefully soon", chief operating officer Sanjiv Kap...
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