After five consecutive quarters of losses, India’s second largest low-cost carrier SpiceJet (SG) posted a profit of INR561.2 million ($10.2 million) for the first quarter ended June 30, compared to a loss of INR719.6 million in the year-ago period.
SpiceJet 737-800. Courtesy, Boeing After five consecutive quarters of losses, India’s second largest low-cost carrier SpiceJet (SG) posted a profit of INR561.2 million ($10.2 million) for the first quarter ended June 30, compared to a loss of INR719.6 million in the year-ago period. Revenue surged 51% to INR14 billion in the period. India’s financial year runs from April 1 to March 31. The turnaround in SG’s performance was mainly due to higher ...
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