{"id":374008,"date":"2020-09-17T11:14:31","date_gmt":"2020-09-17T05:44:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374008"},"modified":"2020-09-17T12:52:35","modified_gmt":"2020-09-17T07:22:35","slug":"flying-cargo-helped-spicejet-in-q1-future%e2%80%8apath-still-turbulent","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/flying-cargo-helped-spicejet-in-q1-future%e2%80%8apath-still-turbulent\/","title":{"rendered":"Flying cargo helped SpiceJet in Q1; future\u200apath still turbulent"},"content":{"rendered":"<p>While the June quarter was expected to be a washout for airlines due to the pandemic, higher cargo revenues have brought a small sigh of relief for SpiceJet Ltd. The low-fare airline said cargo revenues increased by 144% year-on-year (y-o-y) to \u20b9236 crore.<\/p>\n<p>Of course, cargo revenues can only do so much for a passenger airline. Total operating revenues fell by 83% y-o-y to \u20b9514 crore. Loss at the Ebitdar (earnings before interest, taxes, depreciation, amortization and lease rentals) level stood at \u20b9166.5 crore. In the same period last year, SpiceJet had reported a positive Ebitdar of \u20b9684 crore.<\/p>\n<p>True, fuel costs have been lower but how much can one favourable metric help when load factors have dropped sharply? Non-fuel costs are a pain, especially when the scale of operations has seen such a drastic decline. Indian airlines had to close operations for most part of the June quarter due to the nationwide coronavirus lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the June quarter was expected to be a washout for airlines due to the pandemic, higher cargo revenues have brought a small sigh of relief for SpiceJet Ltd. The low-fare airline said cargo revenues increased by 144% year-on-year (y-o-y) to \u20b9236 crore. Of course, cargo revenues can only do so much for a passenger airline. Total operating revenues fell by 83% y-o-y to \u20b9514 crore. Loss at the Ebitdar (earnings before interest, taxes, depreciation, amortization and lease rentals) level stood at \u20b9166.5 crore. In the same period last year, SpiceJet had reported a positive Ebitdar of \u20b9684 crore. True, [&hellip;]<\/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":[188,139,130],"tags":[],"class_list":["post-374008","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\/374008","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=374008"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374008\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}