{"id":287119,"date":"2019-08-13T06:06:13","date_gmt":"2019-08-13T06:06:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287119"},"modified":"2019-08-13T06:06:13","modified_gmt":"2019-08-13T06:06:13","slug":"spicejet-back-in-the-black-with-profit-of-%e2%82%b9262-cr-in-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-back-in-the-black-with-profit-of-%e2%82%b9262-cr-in-june-quarter\/","title":{"rendered":"SpiceJet back in the black with profit of \u20b9262 cr in June quarter"},"content":{"rendered":"<p>MUMBAI: No-frills carrier SpiceJet Ltd on Friday reported its highest ever quarterly profit in the June quarter. The profits were driven by other income, including reimbursements from Boeing Co. for the revenue loss due to the grounding of 737 Max aircraft. The increase in yield was also aided by higher passenger traffic following the grounding of Jet Airways, besides expanding its fleet size to cater to more routes and passengers.<\/p>\n<p>The company\u2019s stand-alone net profit rose to \u20b9261.7 crore in June quarter from a loss of \u20b938.1 crore in the corresponding period of the previous fiscal year, the airline said. The result beat the estimates compiled by six brokers polled by Bloomberg who expected it to report \u20b9137.50 crore in profit.<\/p>\n<p>Stand-alone revenue rose 39.59% to \u20b93,145.26 crore during the quarter, beating the estimates of \u20b92,991.70 crore by seven brokers polled by Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: No-frills carrier SpiceJet Ltd on Friday reported its highest ever quarterly profit in the June quarter. The profits were driven by other income, including reimbursements from Boeing Co. for the revenue loss due to the grounding of 737 Max aircraft. The increase in yield was also aided by higher passenger traffic following the grounding of Jet Airways, besides expanding its fleet size to cater to more routes and passengers. The company\u2019s stand-alone net profit rose to \u20b9261.7 crore in June quarter from a loss of \u20b938.1 crore in the corresponding period of the previous fiscal year, the airline said. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-287119","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287119","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287119"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287119\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}