ALSO READSpiceJet commits to buy Boeing's 737 MAX 10 planes worth $4.7 billion SpiceJet in provisional deal for 40 Boeing 737 MAX 10 jets Airshow: SpiceJet commits to buy Boeing's 737 MAX 10 planes worth $4.7 billion SpiceJet rolls out e-boarding facility at Bengaluru airport SpiceJet's Q4 net profit plunges 61%
The airline's standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at 1.75 billion rupees ($27.33 million) in the first quarter ended June 30, compared with 1.49 billion rupees a year ago(http://bit.ly/2vltkYI).
Passenger yields, a measure of fares and distance flown, rose 9 percent during the quarter, while average load factor was 94.07 percent.
($1 = 64.04 Indian rupees)
(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips and Saumyadeb Chakrabarty)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)