SpiceJet piggybacks on headcount reduction to narrow loss
The budget airline reported an over 70% improvement in its standalone net loss for FY24, but continues to face revenue pressure owing to its small fleet.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
The Middle East is ground zero for the air-taxi phenomenon
As regulatory hurdles slow the growth of the nascent eVTOL business worldwide, the region is quietly becoming the proving ground for the futuristic mode of transport.
Air India is Chandrasekaran’s cross to bear
The AI171 crash has handed the Tata Sons chairman the biggest crisis of his career. What he does from here on will define his and the group’s legacy.
Budget IndiGo finds business class to be a ‘Stretch’
A premium offering from India’s largest airline has not evoked the expected response from flyers and just goes to show that breaking away from its low-cost DNA isn’t easy.