SpiceJet narrows fourth-quarter loss
Posted 07/07/2009
SpiceJet reported a INR78 million ($1.6 million) loss in the fiscal fourth quarter ended March 31, narrowed from a INR1.24 billion deficit in the year-ago period. The New Delhi-based LCC did not provide its full-year result. It lost INR180 million in its fiscal third quarter (ATWOnline, Feb. 26). Fourth-quarter operating revenue rose 4.4% year-over-year to INR3.99 billion on a 10.3% increase in passenger numbers to 1.4 million. It said "overall aviation demand" in India fell 13%. It operates 125 daily flights to 18 destinations aboard 19 737-800/900ERs.
Originally published 7 Jul 2009 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/xHe-GIAn5yM/story.html
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