Will India's SpiceJet Go The Way Of Kingfisher Airlines? — forbes.com

India’s low cost carrier SpiceJet posted a record loss over $170 million last year, prompting some in the commercial aviation industry to suggest the airline may be unable to operate. SpiceJet’s local auditor — Batliboi and Associates — said the loss, coupled with SpiceJet’s total liabilities exceeding its assets by around $171 million as of March 31, 2014. The poor showing in the market last year for the airline that’s been featured in the Disney movie Million Dollar Arm “indicates the existence of a material uncertainty regarding the company’s ability to continue as a going concern.”

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