India's SpiceJet dips on posting quarterly loss

Spicejet

08/09/2025 06:27

** Shares of Indian budget airline SpiceJet SPJT.BO decline 3.6% to 33.2 rupees

** Co posted June-qtr loss as leisure travel demand on some routes slumped during the India-Pakistan conflict

** Loss stood at 2.35 billion rupees (~$27 million) vs profit of 1.5 bln rupees a year ago; rev fell ~34%

** 4 brokerages' avg rating on stock is "hold," median PT is 39 rupees - data compiled by LSEG

** Year-to-date, stock down 40%

($1 = 88.1210 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))