SpiceJet cuts debt by ₹1,200 cr in 1 year: Singh
SpiceJet has slashed its debt by nearly ₹1,200 crore to ₹800 crore in the last one year, according to the budget airline’s Chairman Ajay Singh. The company reported its highest-ever quarterly profit of ₹238.40 crore in the quarter ended December, on the back of a 35% fall in fuel prices and an industry-high load factor (seat occupancy percentage) of 91.6.