SpiceJet Posts 32% Increase In Q3 Net Profit

SpiceJet reported a 32% increase in its net profit to Rs 239.99 crore for the three months ended December from Rs 181.14 crore in the same quarter last year.

The airline’s capacity grew by 14% during the same period.

SpiceJet reported an operating revenue of Rs 2,081.95 crore in the quarter, up 27% on year.

On an EBITDA (operating) basis, SpiceJet reported a profit of Rs 330.73 crore. On an EBITDAR basis, the Company reported a profit of INR 597.04 crore.

This is the 12th successive profitable quarter for the airline, which at one time used to make successive losses. Read More…

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