SpiceJet’s Q3 revenue jumps five-fold to Rs 107 cr amid surge in demand
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.
The carrier had a net profit of Rs 23.28 crore in the year-ago period.
“Despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and depreciating rupee,” it said in a release.
In the third quarter of the current fiscal, the airline’s net profit stood at Rs 221 crore, excluding forex adjustment and the corresponding figure in the same period a year ago was at Rs 20 crore.
