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Tag currency costs

Q2 loss confirms SpiceJet’s fragile balance sheet

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Delhi-based low-cost airline SpiceJet reported a net loss of Rs-8.378 million ($-103.1 million) or Rs-5.777 million ($-71.1 million) excluding foreign exchange adjustments for its second quarter ending September 30. This compares to a net loss of Rs-5.617 million ($-69.1 million) or…

High currency costs bit Wizz Air once again

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A net foreign exchange loss of €269.2 million related to unhedged lease liabilities in US dollars is the main reason that Wizz Air’s half-year loss almost tripled. Despite other headwinds like high fuel costs, the ultra-low-cost airline produced a positive second…