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SpiceJet’s revival faces major hurdles despite raising ₹3,700 crore. Total income fell from ₹2,000+ crore to ₹1,191 crore in a year, turning profits into losses, while the fleet dropped from 28 to 21 planes. Market share slipped to 2%, and more than half the aircraft remain grounded…
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SpiceJet revival stumbles despite cash infusion
Swapnil Deshpande
23:21
SpiceJet’s revival faces major hurdles despite raising ₹3,700 crore. Total income fell from ₹2,000+ crore to ₹1,191 crore in a year, turning profits into losses, while the fleet dropped from 28 to 21 planes. Market share slipped to 2%, and more than half the aircraft remain grounded…
