SpiceJet may break even in third quarter

Mumbai: Delhi-based low-cost private carrier SpiceJet hopes to break even at an operational level and post a profit with a turnover of Rs 1,300 crore for the financial year 2007-08, according to the airline’s Chairman and CEO Siddhant Sharma.
The revenues for the airline are expected to be Rs 375 crore with load factor up from 64 per cent (June-August 2007) to 78 per cent for the third quarter (September-December 2007). SpiceJet expects to fly 1.3 million passengers by the end of this financial year.
But Sharma is a little careful about the estimates, when he talks about the rising prices of jet fuel, that have seen an upsurge of about 14 per cent till December last year and then later reduced by 4 per cent.
03/01/08 Manisha Singhal/Business Standard

To Read the News in full at Source, Click the Headline

Categories: SpiceJet Jan 2008