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Spicejet reports net loss of Rs 172.79 crore in Q3

17 Feb 2014 Evaluate

Spicejet has reported results for third quarter ended December 31, 2013.

The company has reported a net loss of Rs 172.79 crore for the quarter as compared to net profit of Rs 102.00 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 13.99% at Rs 1807.73 crore for quarter under review as compared to Rs 1585.87 crore for the quarter ended December 31, 2012.

SpiceJet is India’s most preferred airline delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

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