SpiceJet posts marginal operating profit in Q3

New Delhi: Two-year-old, low-fare carrier SpiceJet Ltd said it expected to be profitable next fiscal year and hopes to end fiscal 2008 with a net loss of between $10 million (Rs395 crore) and $12 million.
The airline, reporting its results for the quarter ended December, announced a total income of Rs438 crore with a operational profit of Rs4 lakh compared with an operational loss of Rs25.93 crore in the same period last year.
“We expect a small profit in the next fiscal (2008-09),” said SpiceJet’s executive chairman Siddhanta Sharma.
The Gurgaon-based company has in the past said it will make a profit in the current fiscal year.
23/01/08 Tarun Shukla/Livemint

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Categories: SpiceJet Jan 2008