SpiceJet on Thursday reported nearly 16 per cent jump in consolidated net profit at Rs 172.67 crore for three months ended June, staying in the black for the 10th straight quarter. The no-frills airline had a net profit of Rs 149.03 crore in the same period a year ago.
SpiceJet’s total income in the first quarter of the current financial year rose to Rs 1,889.70 crore from Rs 1,543.96 crore in the year-ago period, according to a stock exchange filing. The airline’s total expenses went up to Rs 1,717.03 crore.
“Ten successive profitable quarters, a record aircraft order and exploring new growth avenues through the UDAN programme -- SpiceJet remains firmly on track for its long term growth strategy,” the airline’s CMD Ajay Singh said in a release. He also described the three months ended June as an ‘eventful quarter’. The airline plans to add around six Boeing 737 Next Generation aircraft during the third and fourth quarters besides adding two more Bombardier Q400 planes.