SpiceJet hopes to break even in Q1

New Delhi: Low-cost carrier SpiceJet yesterday said it is likely to break even in the April-June quarter this fiscal and make profit besides targeting to double its growth to six million passengers next year.
"We expect to break even in the first quarter of the current fiscal in the overall cost and even make profit. We are ferrying three million passengers this year and aim to double it to six million by next year," SpiceJet Chief Executive Officer Siddhanta Sharma said here.
Ruling out any further dilution of company equity in the carrier, he pointed out that if SpiceJet managed to break-even and register profit, it would be the first of the new entrants in the domestic aviation sector to achieve this feat.
As part of its celebrations for completing two years of operations, the carrier would offer two lakhs seats at a special price of 99 paise for two or more persons travelling together, beginning today till June 6 on all its non-stop flights covering 14 destinations.
23/05/07 PTI/The Hindu

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Categories: SpiceJet May 2007