1/8
Continuing to fall for the fifth straight session, shares of budget carrier SpiceJet ended over 4 per cent lower on Monday amid a flurry of negative news, including fund drought and large-scale flight cancellations.
In This Pic : SpiceJet
Pic Courtesy : BCCL
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2/8
After falling 12.85 per
cent to Rs 13.90 in intraday trade, shares of SpiceJet finally ended at
Rs 15.25, down 4.39 per cent from its previous close on the BSE.
In This Pic : SpiceJet
Pic Courtesy : BCCL
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3/8
In five trading sessions,
the stock has fallen by over 28 per cent. During this period, the
company's market value fell by Rs 321 crore to Rs 816.30 crore.
In This Pic : SpiceJet
Pic Courtesy : Getty Images
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4/8
Concerned over
deteriorating condition of SpiceJet and large-scale flight
cancellations, aviation regulator DGCA last week withdrew 186 of its
slots and asked it to clear salary dues of all its employees by December
15.
Pic Courtesy : Getty Images
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5/8
With SpiceJet wobbling
amid fund drought and the aviation regulator keeping a close tab on its
curtailed operations, the no-frill carrier's pilots are flocking to
other airlines in search of a job, industry sources said.
In This Pic : SpiceJet
Pic Courtesy : Getty Images
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