SpiceJet halves net loss to INR 57 crore in Q3 FY2021

Direct News Source

For the Quarter ending December 2020

• EBIDTAR profit of INR 518.4 crore
• Registers industry’s highest domestic load factor of 76.8%
• Registered industry’s highest overall load factor of 77.9% (including domestic & international operations)
• Passenger revenue grows by 73% Quarter on Quarter
• Sustained market leadership in passenger RASK amongst listed Indian peers
• Significant revenue generated through charter business
• Revenue from cargo increased by 36% Quarter on Quarter
• Inducts Airbus A321 in its fleet
• Aircraft fleet at 100 as on December 31, 2020

Key highlights for the quarter
• Remains largest air cargo operator in India. Carried 41,257 tonnes of cargo in Q3
• Emerges as the most preferred airline for transportation of Covid-19 vaccine; transported 13.2 million Covid-19 vaccine doses till date
• First and only airline to launch dedicated cargo flights to Leh ensuring timely and seamless supply of essentials during winters
• Operated multiple repatriation flights to and from Italy on the newly inducted Airbus A321
• Introduced 92 new domestic and 16 international flights (under air bubble agreement)
• Added Ras Al-Khaimah as its latest international destination
• Added Darbhanga & Nashik under UDAN
• Maintained consistent market leadership in load factor among Indian carriers
• Despite intense competition and drop in yield, passenger revenue improved by 73% quarter on quarter through charters, aggressive network
and sales strategies

Download Files

There are files associated with this article. You can download them below.

You need to be logged in to download files.

This press release was sourced from SpiceJet on 10-Feb-2021.