SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days

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SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days - Business Standard

Quick Summary:

Meanwhile, the Delhi High Court, on July 09, initiated contempt proceedings against SpiceJet for its failure to fulfil the order of the Court requiring the airlines to hand over two Boeing aircrafts and three engines to TWC Aviation.

SpiceJet shares Q4FY24 results: SpiceJet shares zoomed 7.3 per cent to Rs 60 per share on the BSE in Tuesday's intraday trade.

In Q3FY23, the airline had reported a net profit of Rs 110 crore during the period.