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SpiceJet Q2 net profit jumps to Rs 105 crore

SpiceJet Q2
  • Highest-ever Q2 profit
  • Profits grow by 80%, Revenue by 30%
  • Registers record Load Factor of over 90% for 30 successive months
  • Domestic load factors in excess of 94% in Q2
  • Launched fourth daily flight under UDAN on the Jaisalmer-Jaipur sector

Gurugram, November 13, 2017: SpiceJet reported a profit of INR 105.3 crore for the three months ended September 30th, 2017 as against INR 58.9 crore in the same quarter last year, making it the 11th successive profitable quarter for the airline. In the seasonal weak quarter, profits grew by 80% against a capacity growth of 22% during this period as against the same quarter last year. This is SpiceJet’s highest Q2 profit in its history of operations.

SpiceJet reported an operating revenue of INR 1814.3 crore in the quarter. On an EBITDA basis, SpiceJet reported a profit of INR 180 crore. On an EBITDAR basis, the Company reported a profit of INR 421.6 crore.

SpiceJet yet again excelled on operational parameters to report the highest passenger load factor amongst all airlines in the country all through the quarter. The company witnessed a 7% increase in its passenger yields (Revenue per Available Seat Kilometer) while its average load factor across the network was 93.1%. SpiceJet has recorded more than 90% load factor for 30 successive months, a feat unparalleled globally. Significantly the quarter also marked the fifth consecutive month when the airline’s domestic load factors have been in excess of 94%.

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SpiceJet official press report

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