August 2019 \ Business & Investment \ BUSINESS AND GOVERNANCE
Q1 Rs 261 crore net profit for SpiceJet

Benefiting from Jet Airways collapse in April ...

  • Mr Ajay Singh

Benefiting from Jet Airways collapse in April, low-cost carrier SpiceJet posted a record profit of Rs 261.7 crore in the quarter ending June, 2019 as against a net loss of Rs 38.1 crore in the corresponding period last year. The airline reported total revenue of Rs 3,145.3 crore during April-June period as against Rs 2,253.3 crore in the same period in FY19, registering a growth of 39.5 per cent. During the three-month period, the airline added 32 aircraft, taking its fleet size to 107 as on June 30, 2019. “SpiceJet has been on a spectacular growth journey and this quarter, in particular, has been very special for us. We added 32 aircraft to our fleet, expanding at a pace unprecedented for a sector plagued by crisis showcasing our robust business model and proven operational capabilities,” airline Chairman and Managing Director Ajay Singh said.




Comments.