SpiceJet falls on lower Q3 profit

SpiceJet falls on lower Q3 profit

Last Updated: Wed, Feb 15, 2017 13:05 hrs
A SpiceJet passenger aircraft takes off from Sardar Vallabhbhai Patel international airport in Ahmedabad

Shares of budget airline SpiceJet Ltd fall as much as 2.7 pct to their lowest since Jan 27.

Stock posts biggest intraday percentage loss since Feb 1.

SpiceJet posted a 24 pct drop in Q3 profit, hurt by rising fuel prices and impact from the government's move to withdraw high-currency notes.

As of Tuesday's close, stock up 12.5 pct this year.

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