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Chennai, July 30, 2012:In line with recent trends of gaining stature
in the Indian skies, SpiceJet recorded yet another successful quarter that saw growth
in passenger traffic and a further increase in market share to 18.6% by June 30,
2012. Revenue for the first quarter ended June 30, 2012 increased by 51% to Rs 1407
crore as compared to Rs 931 crore of the quarter ended June 30, 2011.
In line with recent trends of gaining stature in the Indian skies, SpiceJet recorded
yet another successful quarter that saw growth in passenger traffic and a further
increase in market share to 18.6% by June 30, 2012. Revenue for the first quarter
ended June 30, 2012 increased by 51% to Rs 1407 crore as compared to Rs 931 crore
of the quarter ended June 30, 2011.
SpiceJet has also returned to profitability after five successive quarters of losses.
The average revenue per passenger in the quarter under review increased 24% as compared
to the corresponding quarter a year ago. Load factor during the June 2012 quarter
was 80.3% up from 78.9% during the same period last year. Though the load factors
and yields have been holding firm, the high cost of operations influenced by a weak
INR prevented the Company from posting even better results.
Prohibitively expensive fuel prices continue to adversely impact the Indian civil
aviation sector. Though international crude prices have softened in recent weeks,
the domestic carriers are yet to realize the benefits of such reduced input costs
of ATF. In addition, the industry has also absorbed significant increases in airport
charges introduced in Delhi recently.
SpiceJet posted a Profit Before Tax (PBT) of Rs. 62.44 crore for the quarter ended
June 30, 2012 as against a loss of Rs. 71.96 crore for the comparable period last
fiscal year.
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SpiceJet is India’s most preferred airline, with 18.6% of market share in Indian
domestic market, delivering the lowest air fares with the highest consumer value.
The airline currently operates more than 300 daily flights to 37 Indian cities and
3 international destinations.
The city of Agartala, Ahmadabad, Bangalore, Baghdogra, Calicut, Chennai, Coimbatore,
Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mangalore,
Mumbai, Pune, Port Blair, Srinagar, Surat, Varanasi and Vishakhapatnam and three
international destinations, Dubai, Kathmandu and Colombo are connected using our
new generation fleet of 35 Boeing 737-800/ 900ER aircraft which are of highest standard
in safety and operating efficiency.
SpiceJet has acquired 12 new Bombardier Q400 aircraft for enhancing connectivity
to Tier II and Tier III cities. On this aircraft SpiceJet now flies to Amritsar,
Aurangabad, Bangalore, Bhopal, Calicut, Chennai, Chandigarh, Goa, Hyderabad, Indore,
Kochi, Madurai, Mangalore, Rajahmundry, Srinagar, Tirupati, Trichy, Trivandrum,
Tuticorin, Vijayawada, and Vizag.
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