{"id":288322,"date":"2019-08-22T05:59:17","date_gmt":"2019-08-22T05:59:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288322"},"modified":"2019-08-22T05:59:17","modified_gmt":"2019-08-22T05:59:17","slug":"spicejets-yields-disappoint-other-income-boosts-profit-in-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejets-yields-disappoint-other-income-boosts-profit-in-june-quarter\/","title":{"rendered":"SpiceJet\u2019s yields disappoint, other income boosts profit in June quarter"},"content":{"rendered":"<p>After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. InterGlobe Aviation runs IndiGo, the country\u2019s largest airline by market share.<\/p>\n<p>Unfortunately, that hasn\u2019t played out. Paarth Gala, associate (institutional research) at Prabhudas Lilladher Pvt. Ltd, said SpiceJet\u2019s yield for the June quarter increased by just 2% year-on-year. Broadly, this is a tad below Street expectations. As such, Gala was expecting it to increase by 3%.<\/p>\n<p>\u201cThe airline\u2019s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior B737 MAX aircraft,&#8221; highlighted the management in the investor presentation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. InterGlobe Aviation runs IndiGo, the country\u2019s largest airline by market share. Unfortunately, that hasn\u2019t played out. Paarth Gala, associate (institutional research) at Prabhudas Lilladher Pvt. Ltd, said SpiceJet\u2019s yield for the June quarter increased by just 2% year-on-year. Broadly, this is a tad below Street expectations. As such, Gala was expecting it to increase by 3%. \u201cThe airline\u2019s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior [&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-288322","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\/288322","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=288322"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288322\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}