SpiceJet shares hit 2-year low after airline’s flight operations cut by 50%

SpiceJet

Shares of SpiceJet tanked as much as 10% on the BSE in Thursday’s early trading session, hitting a 2-year low. This comes after DGCA ordered the Indian airline company to cut its approved fleet to 50% this summer for eight weeks. The DGCA order came as the airline reported multiple snags in a short period of time.

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