Indian low-cost carrier (LCC) SpiceJet reported a net loss of Rs10 billion ($167 million) for its fiscal year ended March 31. The 12-month net loss, attributed to high debt and a weak rupee, was posted despite a 12.5% year-over-year rise in annual revenue to Rs63 billion. This is the Chennai-based airline’s third straight annual loss. In a statement to the stock exchange, SpiceJet said, “The year ended 31 March 2014 was perhaps the most challenging period in Indian aviation ...
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