Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: SpiceJet net profit jumps fivefold to Rs 107 crore in third quarter
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > SpiceJet net profit jumps fivefold to Rs 107 crore in third quarter
Breaking

SpiceJet net profit jumps fivefold to Rs 107 crore in third quarter

ANI
Last updated: February 25, 2023 11:07 am
ANI
Published: February 25, 2023
Share
2 Min Read
SHARE

Budget airline SpiceJet posted an over fivefold jump in its net profit to Rs 107 crore for the quarter ended December 2022, against Rs 23.28 crore in the year-ago period.

The budget airline said despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and the depreciating rupee. Revenue for the reported quarter was Rs 2,794 crore, against Rs 2,679 crore in the same quarter the previous year. For the same comparative period, operating expenses were Rs 2,687 crore, against Rs 2,579 crore.

Its earnings before interest, taxes, depreciation, and amortization (Ebidta) was Rs 12.5 crore for the reviewed quarter and earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (Ebitdar) profit stood at Rs 25 crore.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “I am happy that SpiceJet has reported a profit in Q3 FY2023 (third quarter in 2022-23). We exceeded our operational targets and continued with our unmatched performance clocking the highest load factor for every single month in 2022. The profits have been driven by a strong performance in both our passenger and cargo businesses.” The CMD said there were renewed signs of recovery and some very positive developments and restructuring initiatives in the immediate offing that would significantly strengthen and deleverage our balance sheet.

“Air travel has come roaring back touching newer heights and giving a glimpse of the huge potential of the Indian aviation market and we look forward to a robust and exciting 2023.”

254 charter flights were operated during the reviewed quarter, utilising over 40,000 seats.

In terms of operational parameters, SpiceJet had the highest passenger load factor amongst all airlines in the country. The average domestic load factor was 91 per cent for the quarter. The airline launched 15 new routes and operated 254 charter flights in the quarter. (ANI)

Distt Admin Kulgam retrieves 253 Kanals of State/ Kahcharie Land in 2 days
DIG SKR Anantnag visits Kulgam; Chairs security/ crime review meeting
Six drug peddlers held across Kashmir
Two dead, 14 injured in Kishtwar road accident
Renowned Urdu poet Munawwar Rana dies at 71 after prolonged illness

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Atleast 8 dead, 50 injured in bus accident in MP’s Sidhi district
Next Article MeT forecasts scattered to fairly widespread rains, snow in J&K
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Unidentified dead body found in Jammu
Breaking
June 3, 2025
Police seeks public assistance in identifying suspect involved in Srinagar theft case
Breaking City
June 3, 2025
Dr. Raj Nehru Assigned Three Key Responsibilities in CMO
Breaking
June 3, 2025
Hindi, Bhoti, Urdu, Purgi among 5 languages notified as official languages of Ladakh
Breaking
June 3, 2025

Recent Posts

  • Unidentified dead body found in Jammu
  • Police seeks public assistance in identifying suspect involved in Srinagar theft case
  • Dr. Raj Nehru Assigned Three Key Responsibilities in CMO
  • Hindi, Bhoti, Urdu, Purgi among 5 languages notified as official languages of Ladakh
  • “Mela Kheer Bhawani’ centuries-old embodiment of India’s civilisational heritage”: Tarun Chugh

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?