Spicejet posts Rs 7.82 cr loss for Q4

The air carrier had a loss of Rs 123.59 crore in the same period of the previous financial year.

The airline recorded total sales of Rs 435.73 crore for the latest quarter, up four per cent from Rs 420.02 crore in the corresponding quarter in the previous fiscal.

For the financial 2008-09, the company registered a loss of Rs 352.5 crore. It had a loss of Rs 133.41 crore in the previous fiscal, Spicejet said in a statement.
The total sales for the year stood at Rs 1,813.53 crore, up 28 per cent from Rs 1,421.54 crore in the previous year.

The total income for the year included an amount of Rs 61.78 crore from gain from sale of aircraft and engines, the statement said.

During the last fiscal, the company has entered into a memorandum of settlement with the erstwhile promoter SK Modi Group to resolve various litigations with the Group. This settlement has resulted in one-time non-operational loss of Rs 18.78 crore.

During the year, the Delhi-based carrier also suffered a loss of Rs 23.17 crore due to foreign exchange fluctuations.