February 16th, 2022 5:40 PM 0 COMMENTS

SpiceJet Turns Profitable in Q3 FY 2022 After a String of Losses

Budget airline SpiceJet has announced a standalone net profit of Rs 23.28 crore in the quarter ended in December 2021, compared to the Rs 56.96 crore loss reported in the same quarter last year. The total revenue for the Q3 FY 2022 stood at Rs 2,259.30 crore, a 33.95% rise compared to Rs 1,686.62 crore in the same quarter the previous year. SpiceJet is battling numerous legal complications, including an... Read More

July 16th, 2020 3:55 AM 0 COMMENTS

SpiceJet Stock Surges 9%, IndiGo Reports 42x Rise in Net Profit

The stocks of SpiceJet rose higher for the seventh consecutive session, increasing 9% intra-day, at Rs. 144 for a unit on BSE. Last week, the budget airline’s share rallied 23% as against a percent increase in the benchmark index. SpiceJet benefitted the most from the slots vacated by the grounded Jet Airways. The airline managed to capitalize on the same parallel to its operations on some of the highly competitive... Read More

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