LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

SpiceJet posts record net profit of Rs 261.7 cr in Q1 FY20 results

As per an official statement, the airline`s operating revenues were Rs 3,002.1 crore during the April-June quarter this financial year as against Rs 2,220.4 crore for the corresponding quarter last year.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
SpiceJet posts record net profit of Rs 261.7 cr in Q1 FY20 results
During the three-month period, the airline added 32 aircraft, taking its fleet size to 107 as on June 30, 2019. Image source: Reuters
Written By: IANS
Updated: Fri, Aug 09, 2019
03:39 pm
New Delhi, IANS
RELATED NEWS
Spicejet Book Befikar Sale: Book tickets at just Rs 899; no cancellation fee* and free flight voucher Spicejet Book Befikar Sale: Book tickets at just Rs 899; no cancellation fee* and free flight voucher
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
Bengaluru-Guwahati flight alert! SpiceJet aircraft undershoots runway, pilots grounded Bengaluru-Guwahati flight alert! SpiceJet aircraft undershoots runway, pilots grounded
SpiceJet will begin Ras Al Khaimah flights from November 26: Ajay Singh, CMD SpiceJet will begin Ras Al Khaimah flights from November 26: Ajay Singh, CMD
UDAN: Boosting regional air connectivity! Hyderabad-Nashik SpiceJet flight flagged off | Check schedule, arrival and departure timetable UDAN: Boosting regional air connectivity! Hyderabad-Nashik SpiceJet flight flagged off | Check schedule, arrival and departure timetable

Benefiting from Jet Airways collapse in April, low-cost carrier SpiceJet posted a record profit of Rs 261.7 crore in the quarter ending June, 2019 as against a net loss of Rs 38.1 crore in the corresponding period last year. The airline reported total revenue of Rs 3,145.3 crore during April-June period as against Rs 2,253.3 crore in the same period in FY19, registering a growth of 39.5 per cent.

During the three-month period, the airline added 32 aircraft, taking its fleet size to 107 as on June 30, 2019.

"SpiceJet has been on a spectacular growth journey and this quarter, in particular, has been very special for us. We added 32 aircraft to our fleet, expanding at a pace unprecedented for a sector plagued by crisis showcasing our robust business model and proven operational capabilities," airline Chairman and Managing Director Ajay Singh said.

As per an official statement, the airline`s operating revenues were Rs 3,002.1 crore during the April-June quarter this financial year as against Rs 2,220.4 crore for the corresponding quarter last year.

"On an EBITDA basis, profit is Rs 747.5 crore as against Rs 100.5 crore for the corresponding quarter last year. Operating expenses were at Rs 2,883.6 crore as against Rs 2,227.9 crore for the corresponding period last year," the airline said.

Watch Zee Business Live TV

Effective April 1, the airline adopted the new accounting standard IND AS 116 which effectively capitalises operating leases, and as a result, the lease rentals are now reflected as interest and depreciation for the quarter ending June 2019.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SpiceJetAviation
RELATED NEWS
Spicejet Book Befikar Sale: Book tickets at just Rs 899; no cancellation fee* and free flight voucher Spicejet Book Befikar Sale: Book tickets at just Rs 899; no cancellation fee* and free flight voucher
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
Bengaluru-Guwahati flight alert! SpiceJet aircraft undershoots runway, pilots grounded Bengaluru-Guwahati flight alert! SpiceJet aircraft undershoots runway, pilots grounded
SpiceJet will begin Ras Al Khaimah flights from November 26: Ajay Singh, CMD SpiceJet will begin Ras Al Khaimah flights from November 26: Ajay Singh, CMD
UDAN: Boosting regional air connectivity! Hyderabad-Nashik SpiceJet flight flagged off | Check schedule, arrival and departure timetable UDAN: Boosting regional air connectivity! Hyderabad-Nashik SpiceJet flight flagged off | Check schedule, arrival and departure timetable

LATEST NEWS

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

Solid Fuel Ducted Ramjet successful flight test : How it gives technological edge to DRDO and boosts its long range air-to-air missiles capabilities—EXPLAINED

JEE Main 2021: RUSH! March registration ends today—Here is how you can apply

Gold Price Outlook – Gold, Silver prices may see further fall next week; expert tells what to do to maximise gains

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

EPF Passbook Balance Check Online: EPFO members can do this via Umang App, SMS, missed call; choose whatever you want

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

EaseMyTrip IPO Review: Issue opens on Monday! 'SUBSCRIBE' say experts; check details like important dates, price band, lot size, many more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved