SpiceJet reported a company record INR1.09 billion ($23.5 million) profit in its fiscal third quarter ended Dec. 31, reversed from a INR179.6 million deficit in the year-ago period that resulted largely from a INR187.8 million charge related to a dispute with an investor. Revenue rose 23.7% year-over-year to INR6.53 billion and an 8.5% fall in fuel costs provided an extra boost to the bottom line. Unit costs were cut 22%. Passenger numbers soared 55% on a 28% increase in available seats, ...

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