New Delhi: Budget airline SpiceJet Ltd, which was on the verge of
collapse in December last year, has not just survived but made a sharp
turnaround reporting a profit for the second consecutive quarter under
its new owner Ajay Singh.
On Tuesday, the no-frills carrier announced its June quarter results posting a profit of Rs 71.8 crore compared with a net loss of Rs124.1 crore in the same quarter last year.
The profit has more than trebled over the Rs 21.5 crore it posted in the sequential January-March period, which was its first after seven quarters.
Read news in full 29/07/15 Praveena Sharma/Daily News & Analysis
On Tuesday, the no-frills carrier announced its June quarter results posting a profit of Rs 71.8 crore compared with a net loss of Rs124.1 crore in the same quarter last year.
The profit has more than trebled over the Rs 21.5 crore it posted in the sequential January-March period, which was its first after seven quarters.
Read news in full 29/07/15 Praveena Sharma/Daily News & Analysis
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