Frill-free passenger carrier SpiceJet on Monday reported 77 per cent decline in net profit at Rs 55.1 crore for the quarter ended on December 31, 2018. The standalone net profit for the same period last fiscal was Rs 240 crore.
An 8 per cent increase in passenger yields helped it partially offset high cost, it claimed. Expenses during the quarter increased on the back of a 34 per cent rise in crude oil prices and 11 per cent depreciation of the Indian rupee against the US dollar.
