SpiceJet revenue up 23.7%, profits increase in 3QFY2010

SpiceJet revenue up 23.7% - financial highlights for the three months ended 31-Dec-2009:

• Total revenue: USD142.5 million, +23.7% year-on-year;
• Total costs:
  • Fuel: USD45.3 million, -8.5%;
  • Aircraft lease rentals: USD21.0 million, +2.6%;
  • Aircraft maintenance: USD11.5 million, +16.8%;
  • Labour: USD10.8 million, +31.2%;
• Profit before tax: USD23.8 million, compared to a profit of USD424,989 in the previous corresponding period;
• Net profit: USD23.8 million, compared to a loss of USD3.9 million in the previous corresponding period. [more]

*Based on the conversion rate at USD1 = INR45.86