Press Esc to close
Friday 28 April 2017
News updated at 11:40 AM IST

SpiceJet flies its way to profit in Dec qtr

Bangalore, Jan 21, 2013, DHNS: 22:35 IST
File Photo
A 29 per cent rise in yield per passenger, fuel cost optimisation and better fleet utilisation enabled low cost carrier SpiceJet reported net profit of Rs 102 crore for the quarter ended December 31, 2012 (Q3), compared to a loss of Rs 39 crore during the corresponding period last year.

The airline had reported a net loss of Rs 163 crore for the second quarter ending September 30, 2012.
SpiceJet’s revenues for Q3 were up 37 per cent at Rs 1,602.64 crore, up from Rs 1,172.83 crore for the period ended December 31, 2011. The airline saw a 2 per cent fall in domestic passengers, while international business was up 80 per cent.

The increase in yield per passenger went up from Rs 3,421 in the third quarter of last fiscal to Rs 4,412 in Q3, the company said in a filing with the Bombay Stock Exchange. The fuel cost as proportion of total cost fell from 50 per cent in the third quarter of fiscal 2012 to 45 per cent in Q3. The airline said it increased its share in the domestic passenger market from 16.80 per cent in December 2011 to 19.20 per cent in December 2012.

The company’s CEO Neil Mills said: “To announce a profit of Rs. 102 crore for the third quarter in the current challenging environment is a huge achievement and clearly demonstrates that the strategic changes that
SpiceJet have made in the last two years have created a platform for future success of the company.”

SpiceJet operates about 330 flights daily to 42 Indian cities and 7 international destinations. The carrier also expanded its international network By adding new flights between Kochi-Male, Kochi-Dubai and Dubai-Ahmedabad.

The company’s share price closed at Rs 46.15 on the BSE on Monday, up 5.01 per cent from its previous close.

Go to Top

Photo Gallery
Kempegowda International Airport customs seized Gold Biscuits...

Kempegowda International Airport customs seized Gold Biscuits...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Army personnel guard inside their Panzgam camp, 120 kms from Srinagar, which was attacked...

Army personnel guard inside their Panzgam camp, 120 kms from Srinagar, which was attacked...

West Bengal Chief Minister Mamata Banerjee during a government programme at Birpara...

West Bengal Chief Minister Mamata Banerjee during a government programme at Birpara...

Bihar Chief Minister Nitish Kumar addressing Champaran Satyagraha Smriti function...

Bihar Chief Minister Nitish Kumar addressing Champaran Satyagraha Smriti function...

RCB cheerleaders perform before the start of IPL match against Gujarat Lions at Chinnaswamy...

RCB cheerleaders perform before the start of IPL match against Gujarat Lions at Chinnaswamy...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.