PAT margin of SpiceJet FY 2014-2020
SpiceJet Limited registered a loss in fiscal year 2020 and its loss after tax stood at seven percent in that financial year. In the financial year 2020, the company had inadequate profit due to challenges at multiple fronts like the grounding of Boeing 737 MAX aircraft, a rise in fuel prices, highly variable foreign exchange rates, and shutdown of the aviation industry due to COVID-19 pandemic.