Low-cost carrier SpiceJet today posted a net loss of Rs 59 crore for the last quarter of 2010-11 fiscal due to high jet fuel prices.

The company had reported a net profit of Rs 27 crore during the corresponding period of 2009-10.

"One of the main reasons which affected our operations was fuel costs, which accounted for about 52 per cent of total costs during the quarter," SpiceJet CEO Neil Mills said.

Total revenues of the company, however, grew by 32.51 per cent to Rs 758 crore during the quarter vis-a-vis Rs 572 crore reported during the corresponding quarter of FY'10, he said.

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