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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

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