Spicejet has reported results for second quarter ended September 30, 2016.
The company has reported two-fold jump in its net profit at Rs 58.92 crore for the quarter under review as compared to Rs 29.01 crore for the same quarter in the previous year. Total income from operations of the company increased by 34.64% at Rs 1400.40 crore for the quarter under review as compared Rs 1040.13 crore for the corresponding quarter previous year.
SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers.
