SpiceJet reports deep losses in 2QFY2012

SpiceJet revenue up 22% - financial highlights for three months ended 30-Sep-2011:

• Revenue: USD153.3 million, +21.8% year-on-year;
• Costs:
  • Fuel: USD95.6 million, +83.3%;
  • Aircraft lease rentals: USD27.5 million, +31.9%;
  • Aircraft maintenance: USD19.2 million, +32.6%;
• Profit (loss) before tax: (USD48.0 million), compared to a profit of USD2.5 million in p-c-p;
• Net profit (loss): (USD48.0 million), compared to a profit of USD2.0 million in p-c-p. [more - original PR]

*Based on the conversion rate at USD1 = INR50