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16-Sep-2020 1:29 PM

SpiceJet registers USD79m net loss for Q1FY2021

SpiceJet reported (15-Sep-2020) the following financial highlights for the three months ended 30-Jun-2020:

  • Total revenue: INR7111 million (USD93.7 million), -77.4% year-on-year;
    • Operating revenue: INR5210 million (USD68.7 million), -82.6%;
      • Air transport services: INR3488 million (USD46.0 million);
      • Freighter and logistics: INR1659 million (USD21.9 million);
  • Total costs: INR13,116 million (USD172.8 million), -54.6%;
    • Labour: INR1731 million (USD22.8 million), -51.1%;
    • Aircraft maintenance: INR1664 million (USD21.93million), -63.3%;
    • Fuel: INR892.1 million (USD11.8 million), -91.3%;
  • Net profit (loss): (INR6005 million) (USD79.1 million) , compared to a profit of INR2629 million in p-c-p;
  • Revenue per ASK: INR10.09 (USD 13.3 cents), +118%;
  • Costs per ASK: INR18.52 (USD 24.4 cents), +336%;
  • Total assets: INR125,284 million (USD1650 million);
  • Total liabilities: INR147,085 million (USD1940 million). [more - original PR]

*Based on the average conversion rate at INR1 = USD0.01318

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