A one-way Bengaluru-Delhi flight would cost Rs 3,444 compared with Rs 5,936 earlier. Airlines in India are facing cash crunch with rising jet fuel prices and operational costs. On January 9, SpiceJet board of directors announced to issue over 6.4 crore convertible warrants, worth about Rs 125 crore at the current price, to its promoters to raise funds. The Kalanithi Maran-promoted carrier announced a loss of Rs 559 crore for the second quarter of financial year 2013-14, as compared to a loss of Rs 164 crore in the corresponding quarter last year. It is the biggest loss the airline has ever suffered in any quarter and indeed three times its loss of Rs 191 crore in the entire financial year 2012-13. The SpiceJet stock closed 1.72 per cent higher at Rs 17.75.