SpiceJet back in black, logs Rs 23 crore profit
NEW DELHI: SpiceJet has posted a profit of Rs 23 crore in October-December 2021 against a loss of Rs 57 crore in same period of previous year. The carrier says its total income this Q3 — that saw its Boeing 737 Max take to the skies again — grew to Rs 2,680 crore, up 42. 8% from Rs 1,876 crore in same period of previous fiscal. Its scrip was trading 8% higher on Tuesday. The Q3 profit of the only other listed (operational) airline, IndiGo, was Rs 130 crore.
SpiceJet CMD Ajay Singh said, “SpiceJet reported a profit in Q3 driven by excellent logistics operations, rebound in passenger traffic and various accommodations from aircraft manufacturer and lessors….
