SpiceJet suffers record loss of Rs 559 crore in Q2

SpiceJet, India's fourth biggest airline by domestic market-share, on Thursday posted a record quarterly loss of Rs.559 crore in its second quarter of this fiscal till September-30, as compared to a net loss of Rs.164 crore a year earlier. Controlled by billionaire Kalanithi Maran's Sun Group, SpiceJet attributed the record loss mainly to higher fuel prices and a weak rupee.