SpiceJet had the highest PLF of 86.43% in Q1FY2023," the airline stated. The airline's employee cost in January-March fell to Rs 19.43 crore, while employee cost came in at Rs 21.63 crore for April-June. The airlines employee cost stood at `21.32 crore in the January-March quarter a year ago. SpiceJet is looking at raising funds to stay afloat. "We are optimistic about our future and our continued recovery and in order to achieve our future plans, the board has mandated fresh capital issuance and the company will be shortly engaging with investment bankers for a potential raise of up to $200 million," Singh said. SpiceJet is also said to be in talks with potential investors for a likely stake sale in the airline. SpiceJet's promoter Singh and his family hold 59.4% stake in the airline.