Budget carrier Spicejet on Saturday reported that its March quarter standalone profit after tax surged 173% year-on-year (YoY) to Rs 324.87 crore. For the Gurugram-based airline, this is the highest ever quarterly profit and second consecutive profitable quarter. However, the revenue from operations for the reporting quarter declined 16% YoY to Rs 1,446.37 crore from … Read more
Indian aviation stocks declined sharply on Friday, June 13, amid twin shocks of a fatal Air India crash and a spike in global crude oil prices driven by escalating Middle East tensions. Shares of InterGlobe Aviation (IndiGo) dropped nearly 6% to Rs 5,175, while SpiceJet fell 5.5% to Rs 42.16 on the BSE. Air India … Read more
Trouble-hit SpiceJet turned profitable in the third quarter that ended December 2024 on the back of strong passenger demand and improved operational efficiency. The profit for Q3 stood at Rs 26 crore as against a loss of Rs 300 crore a year ago. The airline’s total revenue surged by 35% to Rs 1,651 crore. “This … Read more