Mumbai : Budget carrier SpiceJet on Wednesday reported a 32 per cent growth in net profit at Rs 240 crore for the three months ended December, propelled by higher passenger revenue, making it the 12th successive profitable quarter for the airline.
This is the highest ever quarterly profit in the history of the airline, the company said. The airline had reported a net profit of Rs 181.14 crore in the year-ago period. The total income from operations rose 27 per cent to Rs 2,081.95 crore for the December quarter as compared to Rs 1,642.41 crore in the year-ago period, SpiceJet said.
“Twelve successive profitable quarters, record aircraft orders, industry’s best load factor, high on-time performance and constantly exploring new growth avenues –SpiceJet remains firmly on track on its long-term growth strategy,” SpiceJet chairman and managing director Ajay Singh was quoted in the release.
Shares of SpiceJet jumped 3.98 per cent to end at Rs 134.50 on BSE.
Company witnessed a 14 per cent rise in its passenger yields (revenue per available seat kilometre) while it logged an average 95 per cent seat factor on domestic flights. SpiceJet deployed 14 per cent more capacity over the December quarter of 2016-17, it said.
