SpiceJet Q1 Review - Recapitalisation Key To Exiting Air Pocket: Prabhudas Lilladher
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Prabhudas Lilladher Report
Aided by 13.5% sequential improvement in Cargo revenues, SpiceJet Ltd.’s revenue per available seat kilometre improved sequentially despite passenger services being impacted by second Covid-19 wave.
However, SpiceJet’s adjusted losses widened YoY/QoQ to Rs 8.7 billion largely, on account of lower scale of operations and input cost inflation.
The company continues to focus on managing cash flows through-
renegotiating rentals/ maintenance costs
deferring payments to vendors
capital raise via qualified institutional placement and hiving off cargo arm and
Rs 1.3 billion raised via Emergency Credit Line Guarantee Scheme.
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