22.1.13

SpiceJet flies back into black


Low cost carrier SpiceJet has flown back into black in the October-December, 2012, quarter by posting a profit of Rs 102 crore as opposed to a loss of Rs 39 crore in same quarter last fiscal. Revenue in Q3 increased by 37% to Rs 1,603 crore and average passenger yields increased 29% on higher fares.
The airline said this turnaround happened due to a mix of better fleet optimization, altered route mix with more international flights and higher yields.

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