Indian low-cost carrier (LCC) SpiceJet reported a net loss of Rs3.1 billion ($50.4 million) for its 2015 fiscal-year (FY) second-quarter ended Sept. 30, narrowed 45% from a loss of Rs5.6 billion posted in the year-ago quarter. The Chennai-based carrier’s second-quarter revenue grew 15.3% to Rs14.5 billion as expenses were trimmed 2.2% year-over-year to Rs17.9 billion. The airline’s FY second quarter yield was down 7.7% year-over-year to Rs3.58 as RASK rose 12% to Rs3.35 ...

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