Live Markets »News & Advice»Results»Results Details
Results Details
Back

SpiceJet Q2 FY18 profit surges 79% on high passenger yield

Reuters/ 13 Nov 17 | 03:41 PM
Related to : SpiceJet Ltd
 SpiceJet Ltd
tradenow

BSE   21 Nov 17 | 12:00 AM

142.30  -1.05 (-0.73%)

NSE   01 Jan 70 | 05:30 AM

0.00  0 (0%)

The airline's standalone net profit came in at 1.05 billion rupees

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

Related Stories

    No Related Stories Found
Widgets Magazine

The airline's standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at 1.05 billion rupees ($16.04 million) for the quarter ended Sept. 30, compared with 589.1 million rupees last year.

Net income from operations rose about 30 percent to 17.97 billion rupees.

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

Widgets Magazine

Sensex

Company Price Gain (%)
Dr Reddy's Labs2,390.854.99
Sun Pharma.Inds.538.054.18
Cipla616.502.31
Bharti Airtel503.152.13
NTPC183.051.61

Poll

It has been a year since demonetisation was announced. What is your view about the move?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine