New Delhi: budget airline SpiceJet Ltd reported on Tuesday a net profit of 718 million rupees ($11.2 million) for the three months ending June, after cutting costs and flying more passengers.
SpiceJet made a net loss of 1.24 billion rupees in the same quarter a year earlier.
India's second biggest budget carrier by market share, which last quarter made its first profit since 2013, is in the midst of a recovery plan after it almost collapsed late last year.
It said on Tuesday that its load factor - the percentage of an airline's carrying capacity it has filled - rose to 89.8 per cent in the quarter, a rise of almost 15 per cent from last year.
Read news in full28/07/15 Reuters/Times of India
SpiceJet made a net loss of 1.24 billion rupees in the same quarter a year earlier.
India's second biggest budget carrier by market share, which last quarter made its first profit since 2013, is in the midst of a recovery plan after it almost collapsed late last year.
It said on Tuesday that its load factor - the percentage of an airline's carrying capacity it has filled - rose to 89.8 per cent in the quarter, a rise of almost 15 per cent from last year.
Read news in full28/07/15 Reuters/Times of India
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