SpiceJet reports ₹73-crore profit for the December quarter
SpiceJet has reported a net profit of ₹73.2 crore for the quarter ended December 31 as against a net profit of ₹55.1 crore reported during the same period previously.
In a statement, the airline said the results have been achieved despite odds that the airline is facing in terms of additional costs incurred because of the continued grounding of its 737 MAX aircraft.
The statement adds that it has received an interim offer of compensation from Boeing for the grounding of the MAX 737.
In a statement, the airline said that its standalone profit from Air Transport Services (airlines) was ₹ 115 crore. Air Transport Services includes passenger transport and ancillary cargo operations from passenger aircraft operations.
