SpiceJet Q1 results: Net profit drops 26.7% to Rs 150 cr on fewer flights

Indian budget carrier SpiceJet reported a drop in first-quarter profit on Wednesday, as it flew fewer passengers amid a spate of legal and financial troubles.

The company reported a profit of Rs 150 crore ($17.9 million) for the quarter ended June 30, down 26.7% from last year.

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