SpiceJet above the red mark after 7 quarters. Know more
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A press release from the airlines reads, "The profits include the benefit of renegotiated contracts and settlements, the provisioning for re-delivery expenses, and a net gain on an insurance claim."
The company is currently under its Founder-Director Ajay Singh. Under his leadership the airlines focuses to restore operational reliability and boost revenue figures while focusing on cost-cutting, the release said.
(Image credit: Indiatimes)
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