Shares of SpiceJet Ltd ended 3% lower after touching a day’s high of Rs 34.45 on 8th September, following the company’s announcement that it had completed the full payment of $24 million to Credit Suisse, settling a liability linked to legacy commercial arrangements that predated its current promoter.

SpiceJet and Credit Suisse had agreed on a structured settlement plan in May 2022, reducing an earlier claim of $41.77 million.

With the full payment now completed, a long-standing liability has been cleared, removing a financial burden as the airline continues its turnaround.

This comes shortly after SpiceJet reported a net loss of Rs 234 crore for the April–June quarter, compared with a profit of Rs 158 crore a year earlier. Revenue fell 34% year-over-year to Rs 1,120 crore. However, net worth improved to Rs 446 crore, up from a deficit of Rs 2,398 crore in the same period last year.

At 3:30 PM, the shares of SpiceJet ended 2.90% lower at Rs 33.45 on BSE.

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