New Delhi based low cost carrier SpiceJet reported it’s fiscal 2009 fourth quarter (ending March 31, 2009) and annual results. Despite a 13% increase in operating income to Rs. 16.894 billion ($344.77 million) annual net losses for the year grew by 165% to Rs. 3.53 billion ($73.4 million). Operating expenses excluding interest, depreciation and taxes, grew 42.3% to Rs. 21.127 …

Read More »