SpiceJet lost INR1.01 billion ($21.5 million) in its fiscal second quarter ended Sept. 30, a 49% improvement from the INR1.98 billion lost in the year-ago period. Operating revenue rose 31% as passenger numbers soared 98%. Capacity measured in ASKs climbed 44%, load factor was up 19 points and unit cost fell 26% year-over-year. "Traditionally, this is the weakest quarter for the industry," CEO Sanjay Aggarwal said. "However, we continue to improve our load factor and today one out of every ...

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