NEW DELHI (Reuters) – Low-cost carrier Spicejet (SPJT.BO) said on Wednesday net loss for January-March quarter widened more than four-fold to 2.49 billion rupees, as fuel and airport charges swelled in the country’s fiercely competitive market.
The No. 3 Indian carrier by market share had incurred losses of 586 million rupees in the year-ago period.
Spicejet said there was some easing in costs in recent months, and sees lower fuel costs once the company starts importing jet fuel directly.
($1 = 55.8150 rupees)
(Reporting by Anurag Kotoky; editing by Malini Menon)
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