Monday, November 13, 2017

SpiceJet registers 11th consecutive profitable

New Delhi: SpiceJet reported a profit of Rs 105.3 crore for the three months ended September 30th, 2017 as against Rs 58.9 crore in the same quarter last year, making it the 11th successive profitable quarter for the airline.

According to a company press release, in the seasonal weak quarter, profits grew by 80 per cent against a capacity growth of 22 per cent during this period as against the same quarter last year. This is SpiceJet’s highest Q2 profit in its history of operations.

SpiceJet reported an operating revenue of Rs 1814.3 crore in the quarter. On an EBITDAR basis, SpiceJet reported a profit of Rs 180 crore. On an EBITDAR basis, the Company reported a profit of Rs 421.6 crore.

SpiceJet yet again excelled on operational parameters to report the highest passenger load factor amongst all airlines in the country all through the quarter. The company witnessed a 7 per cent increase in its passenger yields (Revenue per Available Seat Kilometer) while its average load factor across the network was 93.1 per cent.

SpiceJet has recorded more than 90 per cent load factor for 30 successive months, a feat unparalleled globally. Significantly the quarter also marked the fifth consecutive month when the airline’s domestic load factors have been in excess of 94 per cent.
13/11/17 UNI