SpiceJet total revenue down 50% in 4QFY2015

SpiceJet revenue down 50.0% - financial highlights for three months ended 31-Mar-2015:

• Total revenue: INR7863 million (USD123.2 million), -50.0% year-on-year;
• Total costs: INR8888 million (USD139.3 million), -53.4%;
• • Fuel: INR2862 million (USD44.9 million), -66.7%;
• Profit (loss) from ordinary activities before finance costs: (INR108 million) (USD1.7 million), compared to a loss of INR2276 million (USD35.7 million) in p-c-p;
• Net profit (loss): INR225 million (USD3.5 million), compared to a loss of INR3215 million (USD50.4 million) in p-c-p. [more - original PR]

SpiceJet: "We are confident that we will build a world-class airline and this is the first step. We still have a lot of work to do. Our results show the resilience of the SpiceJet brand, and the unwavering faith, passion, and commitment of each and every one of our employees. I am delighted to see the airline that I helped create this month 10 years ago starting to get back on its feet in this manner." Ajay Singh, Promoter and Chairman. Source: Company statement, 28-May-2015.