SpiceJet to file overdue results by December deadline
SpiceJet announced it will release overdue financial results by December 7 after facing a potential stock suspension by the Bombay Stock Exchange. The cash-strapped airline continues to struggle with shrinking market share and rising fuel costs.
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SPICEJET LTD will submit its overdue financial results by December 7, avoiding a trading suspension threatened by India's bourses. The cash-strapped carrier's domestic market share has fallen to 0.6% from 15% in 2019. The compliance deadline comes as the airline struggles with grounded planes, delayed pilot salaries, and rising fuel costs.
