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SpiceJet Q1 Review - Recapitalisation Key To Exiting Air Pocket: Prabhudas Lilladher

SpiceJet Q1 Review - Recapitalisation Key To Exiting Air Pocket: Prabhudas Lilladher

<div class="paragraphs"><p>A Bombardier Inc. aircraft operated by SpiceJet Ltd. stands at an airport  in Delhi. (Photographer: Anindito Mukherjee/Bloomberg)</p></div>
A Bombardier Inc. aircraft operated by SpiceJet Ltd. stands at an airport in Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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-

  1. renegotiating rentals/ maintenance costs

  2. deferring payments to vendors

  3. capital raise via qualified institutional placement and hiving off cargo arm and

  4. Rs 1.3 billion raised via Emergency Credit Line Guarantee Scheme.

Click on the attachment to read the full report:

Prabhudas Lilladher SpiceJet Q1FY22 Result Update.pdf

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