SpiceJet reports Rs 205 crore profit in Q1 FY24

On March 31, 2023, the airline’s net worth was negative Rs 3,231.6 crore. The airline is battling multiple court cases regarding claims of payments from claimants including its earlier promoter Kalanithi Maran and has been trying to raise funds for many months now. The Supreme Court had last month directed it to Rs 380 crore to Maran.

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