Indian low-cost carrier (LCC) SpiceJet reported a net loss of Rs3.1 billion ($50.4 million) for its 2015 fiscal-year (FY) second-quarter ended Sept. 30, narrowed 45% from a loss of Rs5.6 billion posted in the year-ago quarter. The Chennai-based carrier’s second-quarter revenue grew 15.3% to Rs14.5 billion as expenses were trimmed 2.2% year-over-year to Rs17.9 billion. The airline’s FY second quarter yield was down 7.7% year-over-year to Rs3.58 as RASK rose 12% to Rs3.35 ...

Subscribe to Access this Entire Article

"SpiceJet narrows net losses 45% in FY 2Q" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.