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Nov 14, 2017, 11.14 PM IST

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SpiceJet Q3 profit soars 80%

, ET Bureau|
Updated: Nov 13, 2017, 04.44 PM IST
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SpiceJet Q3 profit soars 80%
Mumbai: Low fare carrier SpiceJet Wednesday announced its 11th consecutive quarterly profit on a robust operating performance.

The airline posted a net profit of Rs 105.3 crore, for the three months ended September, up 80% on year. Revenue rose 30% to Rs 1814.3 crore. Capacity grew 22%.

The airline clocked a 7% increase in its passenger yields (Revenue per Available Seat Kilometer) while its average load factor across the network was 93.1%.

"SpiceJet has recorded more than 90% load factor for 30 successive months, a feat unparalleled globally," the airline claimed in a release.

"Significantly the quarter also marked the fifth consecutive month when the airline’s domestic load factors have been in excess of 94%," it added.
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