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SpiceJet still in the red, but heading in the right direction


SpiceJet reported a USD3.7 million net loss in the three months ended 31-Dec-08, but the darkest days could now be behind it. Revenue growth eased to 16% in the three months ended 31-Dec-08, to USD108.2 million. [887 words]

Unlock the following content in this report:


  • Market share rises to 10%
  • WL Ross putting his stamp on SpiceJet
  • Outlook better, but return of discounting is of concern

Graphs and data:

  • SpiceJet operating profit margin and net profit margin: 2QFY08 to 3QFY09
  • SpiceJet financial highlights for three months ended 31-Dec-08
  • SpiceJet passenger numbers and passenger number growth: 4QFY07 to 3QFY09
  • SpiceJet financial highlights for nine months ended 31-Dec-08
  • SpiceJet domestic market share: Jan-06 to Dec-08
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