New Delhi: Spicejet has posted RS 23 Crore’s profits in the October-December period, 2021, demanding the loss of RS 57 Crore Crore in the same period last year.
The low cost carrier said the total income of Q3 – which saw the max Boeing 737 took into the sky again – growing to Rs 2,679.6 Crore, up 42% from Rs 1,875.7 Crore in the same period.
The script traded 8% higher at BSE Tuesday.
This fiscal Q3 profit from the only registered (operational) (operational), Indigo, is Rs 130 Crore.
Spicejet CMD Ajay Singh said: “I am happy that Spicejet reported the advantages in the FY2022 Q3 driven by excellent logistics operations, rebound in passenger traffic and various accommodation from aircraft manufacturers and lessors ….
Our performance will be much better but Influenced by unexpected delays in returning to 737 max services, increases fuel costs and certain extraordinary adjustments …
There are signs of new recovery in the passenger segment and the logistics segment continues to remain strong..
“SpiceXPress logistics platform reports increased income 17% to RS 584 Crore Q3 and Singh Planning “significantly increases the capacity of goods ship in the upcoming quarter.” “Settlement with Boeing is a significant event during the quarter.
As expected, the company accepts cash accommodation and non-cash significantly excessive amount because of the lessor during the pension period Max aircraft.
Settlement is not only brought back into Operation 737 max aircraft but also paves the way for maximum aircraft induction that is more efficient and younger to the Spicejet fleet.
Settlement also ensured the resumption of new aircraft delivery from our order of 155 aircraft Max, “the airline said in a statement.