The airline said that it repatriated 352 Canadian nationals and permanent residency holders from New Delhi to Toronto today. SpiceJet scrip closed 0.8% higher at Rs 48.35 Wednesday on BSE, when the broader closed 1% lower. NEW DELHI: SpiceJet today said that the airline, for the first time, operated long-haul wide-body charter flight to Canada on a wet-leased aircraft. The airline operates 630 daily flights to 64 destinations, including 54 Indian and 15 international destinations from its hubs at Delhi and Hyderabad. Batliboi and Associates Llp said the company has incurred losses during current and previous years and its current liabilities exceeded total assets.Low-cost carrier SpiceJet has closed full financial year 2019-20 with a net loss of Rs 935 crore as compared to the net loss of Rs 316 crore in the previous fiscal.

SpiceJet is an Indian low-cost airline headquartered in Gurgaon, Haryana.It is the second largest airline in the country by number of domestic passengers carried, with a market share of 13.6% as of March 2019. "Despite the year-long grounding of the MAX aircraft, SpiceJet ran a profitable operation till COVID hit to demand from mid-February.

"These conditions...indicate the existence of a material uncertainty that may cast significant doubt about the company's ability to continue as a going concern as its current liabilities exceeded its current assets on its balance sheet date," the auditors said.SpiceJet, which has 13 of its B737 MAX aircraft grounded since last March, has assumed that Boeing will pay a compensation of Rs 671.8 crore for the expenses it incurred during the year under review on "aircraft and supplemental lease rentals and certain other identified expenses relating to the Max aircraft".The auditors raised concerns over recognition of Rs 671.8 crore as other income for the year ended March 31, 2020 (including Rs 134.53 crore for the quarter ended March 31, 2020) and the related foreign exchange gain on restatement of these balances for the quarter and year ended March 31, 2020, amounting to Rs 36.70 crore and Rs 42.73 crore, respectively.If the SpiceJet had not recognised such other income (including its related foreign exchange restatement), the reported loss for the quarter and year ended March 31, 2020, would have been Rs 978.31 crore and Rs 1,649.23 crore, respectively, and accumulated losses as on March 31, 2020, would have been higher by Rs 714.53 crore, the auditors said. The April-June quarter earning numbers will provide a clear picture of the disruption caused by the coronavirus pandemics on the finances of SpiceJet. SpiceJet lengthened its window for online check in to up to 45 minutes before a flight closes. We at SpiceJet have constantly adapted to the changing economic environment and I am happy that our cargo operations have performed very well. This is presently under the bubble arrangement between India and UK and effective up to end of summer schedule, which is October 23… For the January-March quarter of FY20, the carrier reported a net loss of Rs 807.1 crore as against net profit of Rs 56.28 corre in Q4 FY19.It is notable that the airline has reported this massive loss in a quarter, which was partially affected by the COVID-19 pandemic. The loss was attributed to low demand due to COVID-19 led suspension of flight operations and grounding of Boeing 737 MAX planes.In a report submitted to the SpiceJet board on Wednesday, S.R.

On August 1, SpiceJet had repatriated 269 Indians who had been stranded in Amsterdam to Bengaluru and Hyderabad. The airline has operated over 515 charter and Vande Bharat flights to help repatriate close to 85,000 stranded Indian citizens from countries such as Philippines, Kyrgyzstan, Russia, Netherlands, UAE, Saudi Arabia, Oman, Qatar, Lebanon, Bangladesh, Maldives, and Sri Lanka. SpiceJet’s ₹ 987 offer opened for booking today (12 March) and will close on 15 March 2020. As a result of this, and the uncertainty in timing of return to operations of these aircraft, SpiceJet has initiated the process of claims on the aircraft manufacturer towards costs and losses, which are currently under discussion.Apart from this, the budget carrier has said that it has deferred some payment to various parties, including vendors and expressed inability to determine all such costs and penalties.Commenting on earnings, Ajay Singh, Chairman and Managing Director, SpiceJet, said: "Two key factors that adversely impacted our performance and the bottom line was the COVID-19 pandemic that started affecting demand adversely from mid-February and grounding of the 737 MAX, which has been out of service for over a year now." The budget airline is yet to report the result of Q1 (April-June) for the current fiscal. 04 Aug 2020, 11:41AM IST "SpiceJet has secured slots at London Heathrow Airport to operate flights effective September 1. “The flight departed from New Delhi at 8.10 am IST and is scheduled to reach Toronto at 6:40 pm (local time). It is valid for travel till 28 February 2021, the carrier mentioned on its website. SpiceJet has closed full financial year 2019-20 with net loss of Rs 935 crore Before, it used to require check-in via its site or app two hours before departure.

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