SpiceJet ke shares ko turbulence ka samna karna pad raha hai badhi hui DGCA surveillance aur cash ke issues ke wajah se.
SpiceJet ke shares 30 August ko early trade mein gir gaye, ek din baad jab company ko cash issues ke saath kuch aur problems ka samna karna pada.
Aviation stock intraday trade mein 6% tak gir gaya. 11:52 am par BSE par ye 5.48% neeche ₹62.60 par trade kar raha tha. Pichle saal, stock ne 98% se zyada return diya hai, jo Nifty 50 ke 30% rise se behtar hai.
SpiceJet ke shares ka latest downturn teen key issues ke baad aaya hai jo airline ne ek din pehle face kiye.
Crew put on furlough
Financial problems ke wajah se, SpiceJet ne 150 cabin crew members ko teen mahine ke liye furlough par bhejne ka faisla kiya hai. Budget carrier kam planes ke saath operate kar raha hai financial, legal aur lessor issues ke beech. Filhal, uske paas lagbhag 22 aircrafts ka operational fleet hai.
150 cabin crew members ko teen mahine ke liye bina pay ke chhutti par bheja jayega, airline ke spokesperson ne 29 August ko kaha.
“SpiceJet ne 150 cabin crew members ko temporarily furlough par bhejne ka mushkil faisla kiya hai… Ye step lean travel season aur reduced fleet size ke response mein liya gaya hai, organization ke long-term stability ko dhyan mein rakhte hue,” spokesperson ne statement mein kaha.
Furlough period ke dauran, spokesperson ne kaha ki cabin crew members apna status SpiceJet ke employees ke roop mein continue rakhenge, sabhi health benefits aur earned leave intact rahegi.
Airline fund raise karne ki koshish kar rahi hai apni financials ko boost karne ke liye.
Enhanced surveillance
Aviation regulator DGCA ne kaha ki airline ko enhanced surveillance mein daala gaya hai. Ismein increased spot checks aur night surveillance shamil hoga taaki airline ke operations ki safety ensure ki ja sake.
Flight cancellations aur financial stress ke reports ke basis par, DGCA ne airline ka special audit kiya.”
“Engineering facilities ka audit 7 aur 8 August ko hua aur kuch deficiencies audit ke dauran paayi gayi.
“Pichle record aur August 2024 mein kiye gaye special audit ke basis par, SpiceJet ko dubara enhanced surveillance mein daala gaya hai, turant effect se.”
Dubai ops disrupted
Reports ke hisaab se, airline ne Dubai airport ko kuch dues na chukane ke wajah se flights cancel karni padi. SpiceJet ne kaha ki Dubai se scheduled flights normaly operate hui hain, kuch flights operational reasons ke wajah se cancel ki gayi thi.
“Operational reasons ke wajah se, kuch SpiceJet flights Dubai se cancel hui. Affected passengers ko subsequent SpiceJet flights, dusri airlines ya full refund provide kiya gaya,” ek airline spokesperson ne statement mein kaha.
Jab contact kiya gaya, ek Dubai airport official ne reporter se kaha ki “situation” ke related information/comment ke liye SpiceJet se check karein, PTI ke according.
A look at SpiceJet financials
Airline ne second consecutive quarter ke liye profit report kiya hai lekin revenue decline hota raha. June 2024 tak total assets ₹6,230 crore thi, 17% YoY increase ke saath jabki total liabilities ₹11,252 crore thi, 14% YoY decrease ke saath. Matlab liabilities assets se ₹6,300 crore se zyada hain.
Auditor’s note ke hisaab se Q1 results ke baad, June 2024 tak accumulated losses ₹7,662 crore hain aur ye material uncertainty ko indicate karta hai. Ye company ke ability to continue as a going concern par significant doubt dalta hai.
QIP fundraise and will it solve for cash woes?
SpiceJet Board ne 23 July ko ₹3,000 crore tak Qualified Institutional Placement (QIP) ke zariye raise karne ko approve kiya aur ye September ke end tak complete hone ki umeed hai.
SpiceJet kehti hai ki fresh infusion se airline ko apne fleet ko expand karne, operational capabilities enhance karne, liabilities settle karne aur market competitiveness improve karne mein madad milegi.
Airline ko lagta hai ki funds overall operations ko stabilize karenge.”
