A profitable SpiceJet is running out of cash

After two consecutive quarters of profit, the Ajay Singh-led airline is still struggling to pay its employees and vendors. There’s more to it than meets the eye.

5 September, 202412 min
0
Getting your Trinity Audio player ready...
A profitable SpiceJet is running out of cash

You may also like

Business
Story image

Tata finds its steel. JSW gets a real fight

A sharper growth push from Tata Steel is reshaping a long-running contest with JSW Steel and shifting the market’s loyalties. But can it keep its expansion-hungry rival at bay?

Business
Story image

The 72 hours that saw IndiGo unravel

A crew crunch, new regulatory norms and simmering discontent push India’s biggest airline into its biggest crisis yet, one that could seriously dent its reputation for reliability.

Business
Story image

IndiGo has a forex headache

India’s largest airline surprisingly doesn’t seem to have a hedging strategy that is good enough to guard against a weakening rupee. This could potentially clip its wings.