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Spicejet Limited | May 19, 2016
SpiceJet Ltd, India's fourth-largest airline by market share, said its fourth-quarter net profit more than tripled on lower fuel prices and as it flew more passengers. SpiceJet's net profit jumped to Rs. 73 crore for the three months to March 31, from Rs. 22.5 crore a year earlier, even though the carrier took a one-time expense of Rs. 173 crore in the March quarter towards "stabilising and improving the reliability of its fleet". SpiceJet's operational revenue rose 86 per ...
Spicejet Limited | July 28, 2016
The carrier noted that the business would be carried out through various channels such as "in flight sale, online platform, airport shops and retail outlets." In the three months ended March 2016, the airline posted more than three-fold rise in net profit at Rs 73.19 crore....
Lower oil prices has led to a growth in the domestic airline industry and also airlines have increased their capacity. According to data from Directorate General of Civil Aviation the airlines have carried almost 21% more passengers in June 2016 than it was in June 2015 (7.97 million and 6.6 million passengers respectively). SpiceJet is flying the highest in this criteria as reported, they are functioning at 93% seats full. SpiceJet told Bloomberg TV India, that it has seen good growth of 22 per...
SpiceJet, the country’s favourite low-cost carrier, continues to lead the Passenger Load Factor (PLF) charts among all Indian carriers by clocking over 90% PLF for 14 successive months. The figure for the month of June 2016 stood at 93%, an industry best figure, as per the statistics released by DGCA. The airline also registered a flight cancellations rate of 0.20% during the same period which is the lowest figure among all the Indian carriers....
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