SpiceJet reports fourth consecutive profitable quarter in 2QFY2011

SpiceJet released (04-Nov-2010) the following supplementary financial highlights for the three months ended 30-Sep-2010:

• Operating revenue: +40% year-on-year;
• Revenue per ASK: +22%;
• Cost per ASK excl fuel: -9%;
• EBITDAR margin: +17%, compared to -2.7% in the p-c-p;
• EBITDA margin: +0.6%, compared to -24.6% in the p-c-p;
• Passenger numbers: +16%;
• Capacity (ASKs): +14%;
• Market share: 12.8%, +0.2 ppt. [more]

SpiceJet: "We are very optimistic of our future and had recently placed an order of 30 aircraft with Boeing to ensure that we continue to grow our business. We are in the process of enhancing our fleet in the immediate future and are looking at an aggressive addition to our fleet to double it from the current 22 aircraft by end 2013," Beil Mills, CEO. Source: SpiceJet, 04-Nov-2010.