Spicejet Q1 Net Up 18% At Rs 175 Cr

SpiceJet Ltd posted a rise of about 18% in quarterly net profit on Thursday.

The airline’s standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at Rs 175 crore in the first quarter ended June 30, compared with Rs 149 crore a year ago.

Passenger yields, a measure of fares and distance flown, rose 9% during the quarter, while average load factor was 94.07%.

The carrier plans to add around six Boeing 737 next generation aircraft during Q3 and Q4 and expand its Bombardier fleet by adding two more Q400s.

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