SpiceJet reported a 64.6% jump in net profit for the 2010/11 financial year as higher load factors and an improvement in air traffic demand outweighed a steep rise in fuel costs and “significant” yield pressures. Net profit for the 12 months to Mar-2011 increased to INR1.01 billion (USD22.4 million) as revenues increased 33.2% to INR28.80 billion (USD649.6 million) with the result marking the carrier’s second consecutive annual profit. The carrier’s profit margin increased to around 3.5% in the year.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: email@example.com