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SpiceJet first-quarter profit up about 18 percent
August 10, 2017 / 11:29 AM / 3 months ago

SpiceJet first-quarter profit up about 18 percent

REUTERS - SpiceJet Ltd posted a rise of about 18 percent in quarterly net profit on Thursday.

Employees work inside a travel agency office besides a model of a SpiceJet aircraft in Ahmedabad February 14, 2014. REUTERS/Amit Dave/Files

The airline's standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at 1.75 billion rupees ($27.33 million) in the first quarter ended June 30, compared with 1.49 billion rupees a year ago(bit.ly/2vltkYI).

Passenger yields, a measure of fares and distance flown, rose 9 percent during the quarter, while average load factor was 94.07 percent.

($1 = 64.04 Indian rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips and Saumyadeb Chakrabarty

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