SpiceJet's chairman warns Indian airlines may face rising fares and rethink expansion due to unsustainable crude oil prices.

Indian low-cost carrier Spicejet cut its full-year pre-tax loss to Rs4.1 billion ($49 million) for the year ended March 2024, after publishing its first set of financial results for six months.

SpiceJet Ltd has received many proposals to buy into the company, and the Indian budget carrier is willing to evaluate an offer only if it’s strategic, its chairman and majority shareholder said.

SpiceJet has been facing financial and legal issues for years. However, the positive momentum of the Indian aviation industry is keeping it from going bankrupt, and that is what the airline is banking ...

SpiceJet's Ajay Singh has been sharing the LCC's plans. Credit: Dominique Faget/AFP/Getty Images SINGAPORE—Indian LCC SpiceJet is exploring adding widebodies to its fleet although its immediate focus ...