{"id":232464,"date":"2019-02-12T05:01:37","date_gmt":"2019-02-12T05:01:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=232464"},"modified":"2019-02-12T05:22:07","modified_gmt":"2019-02-12T05:22:07","slug":"spicejet-q3-profit-plunges-77-due-to-higher-oil-prices-forex-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-q3-profit-plunges-77-due-to-higher-oil-prices-forex-losses\/","title":{"rendered":"SpiceJet Q3 profit plunges 77% due to higher oil prices, forex losses"},"content":{"rendered":"<p>Budget carrier SpiceJet on Monday reported a massive 77 per cent fall in its net profit at Rs 55 crore owing to higher aviation fuel cost and rupee depreciation.<\/p>\n<p>The Gurugram-based airline had posted a net profit of Rs 240 crore in the year-ago period, the firm said. Total income stood at Rs 2,530.8 crore for the quarter as against Rs 2,096.1 crore in Q3FY18, it said.<\/p>\n<p>A strong 8 per cent increase in passenger yields helped the airline partially offset record high cost due to 34 per cent increase in crude oil prices and 11 percent depreciation in rupee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget carrier SpiceJet on Monday reported a massive 77 per cent fall in its net profit at Rs 55 crore owing to higher aviation fuel cost and rupee depreciation. The Gurugram-based airline had posted a net profit of Rs 240 crore in the year-ago period, the firm said. Total income stood at Rs 2,530.8 crore for the quarter as against Rs 2,096.1 crore in Q3FY18, it said. A strong 8 per cent increase in passenger yields helped the airline partially offset record high cost due to 34 per cent increase in crude oil prices and 11 percent depreciation in rupee.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-232464","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=232464"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232464\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=232464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=232464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=232464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}