A profitable SpiceJet is running out of cash

After two consecutive quarters of profit, the Ajay Singh-led airline is still struggling to pay its employees and vendors. There’s more to it than meets the eye.

5 September, 202412 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
A profitable SpiceJet is running out of cash

You may also like

Business
Story image

Rahul Bhatia is IndiGo’s good, and bad, news

Investors have backed the founder’s move to ease out the airline’s CEO and take charge in the interim. But they should be worried about the airline’s dependence on him.

Chaos
Story image

The Gulf Report: Aramco’s war warning and the chaos in Bahrain

The oil giant’s chief says the ongoing Mideast conflict and the consequent Strait of Hormuz disruption could have catastrophic consequences; a look at the conflict’s effect in Bahrain.

Business
Story image

Ajay Singh’s SpiceJet turnaround story is running on fumes

As much as he would like to convince investors about the airline’s prospects, it’s increasingly clear the low-cost carrier is just about managing to stay afloat.