SpiceJet reports 4th consecutive profitable quarter in 2QFY2011, to double fleet by 2013

Domestic industry traffic continued to show a robust growth of 12% over the same period previous year, even though this is a traditionally weak quarter. Low fare carriers continued to grow in proportion and increased their share of the pie from 61% to 71% during this period. Yields moved up and stabilized – an indication that capacity addition of 9% continued to lag behind demand growth.