SpiceJet quarter-one profit up about 18 percent

SpiceJet Ltd posted a rise of about 18 percent in quarterly net profit on Thursday.

The airline`s standalone net profit, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, came in at 1.75 billion rupees ($27.33 million) in the first quarter ended June 30, compared with 1.49 billion rupees a year ago(http://bit.ly/2vltkYI).

Passenger yields, a measure of fares and distance flown, rose 9 percent during the quarter, while average load factor was 94.07 percent.

($1 = 64.04 Indian rupees)

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