3rd successive profitable year for SpiceJet

Domestic aviation major SpiceJet has reported a quarterly profit of Rs 46.1 crore for the traditionally weak quarter ended March 31st, 2018, making it the 13th successive profitable quarter for the airline. Net profit for FY 2018 stood at Rs 566.7 crore, making this the third successive year of profitable growth. For the previous fiscal 2017, the figures had stood at Rs  41.6 Crore and Rs 430.7 crore respectively.

Operating revenues were at Rs 2,029.3 crore for the reported quarter and Rs 7,795.1 crore for the fiscal 2018. On an EBITDA basis, profit is Rs 131 crore for the reported quarter and Rs 890.1 crore for the fiscal 2018. “Despite rising fuel prices, SpiceJet continues to record profits and has recorded the highest annual profit in its history. With the fuel efficient B737 MAX joining our fleet in the coming months we will continue to expand at home and abroad and strive to improve profitability and operating performance,” said Ajay Singh – CMD, SpiceJet.

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