SpiceJet reported a net loss of around US$80 million (INR 593.4 crore) in the first quarter of FY21 (April to June 2020) as flight operations were suspended for the most part due to the nationwide lockdown. Operating revenue flopped 83 percent to around US$70 million (Rs 514.7 crore) compared to the same period in 2019, as passenger demand remain subdued. Whilst Covid-19 affected passenger numbers, the carrier doubled down on its cargo operations using its dedicated fleet of freighters and … [Read more...] about SpiceJet posts quarter net loss as cargo revenue more than doubles