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SpiceJet Q4 net profit jumps 22% to Rs 56.3 cr on higher ticket revenue

SpiceJet took advantage of Jet Airways collapse as it inducted 22 of the grounded planes to ramp up its capacity, and has plans to induct up to 40 aircraft

Spice Jet
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Arindam Majumder New Delhi
SpiceJet has added 25 planes to its fleet and plans to include 35 more this financial year, said officials of the low-cost carrier. 

The airline on Tuesday reported a 22 per cent jump in net profit at Rs 56.3 crore in the quarter ended March 31 despite grounding of its Boeing 737 MAX aircraft. The rise in profit is aided by higher ticket prices. It had posted a profit of Rs 46.2 crore in the last quarter of FY18. Its capacity (in terms of seat kilometer) saw a 21 per cent rise while average fare rose 11 per cent. The airline

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First Published: May 29 2019 | 12:13 AM IST

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