SpiceJet Flies High With 79% Surge In Q2 Profit

An increase in passenger yield lifted SpiceJet's profit.

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SpiceJet Flies High With 79% Surge In Q2 Profit

Net income from operations rose about 30 per cent to Rs 1,797 crore.

SpiceJet Ltd reported a 79 per cent rise in quarterly profit on Monday, helped by an increase in passenger yield.

The airline's standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at Rs 105 crore rupees ($16.04 million) for the quarter ended September 30, compared with Rs 58.9 crore last year.

Net income from operations rose about 30 per cent to Rs 1,797 crore.

Passenger yield, a measure of average fare and distance flown, climbed 7 per cent, while domestic passenger load factor, which measures how much of an airline's passenger carrying capacity is used, was in excess of 94 per cent.

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© Thomson Reuters 2017


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