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

Can Jeet Adani’s airports ride out Iran war?

The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.

Business
Story image

How Gulf aviation is navigating the Iran war

The most profitable airline carriers are having to contend with the new realities of flying in the face of missiles and drones.

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.