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26-May-2010 11:58 AM

SpiceJet revenue up 34.9%, profitable in 4QFY2010 and FY2010

SpiceJet revenue up 34.9% - financial highlights:

  • Three months ended 31-Mar-2010:
    • Total revenue: USD123.6 million, +34.9% year-on-year;
    • Total costs:
      • Aircraft fuel: USD44.9 million, +38.3%;
      • Labour: USD10.1 million, +24.2%;
    • Profit before tax: USD7.1 million, compared to a loss of USD1.5 million in the previous corresponding period;
    • Net profit: USD5.8 million, compared to a loss of USD1.6 million in the previous corresponding period;
  • 12 months ended 31-Mar-2010:
    • Total revenue: USD471.5 million, +23.6%;
    • Total costs:
      • Aircraft fuel: USD171.2 million, -13.9%;
      • Labour: USD38.1 million, +17.2%;
    • Profit before tax: USD14.3 million, compared to a loss of USD69.5 million in the previous corresponding period;
    • Net profit: USD12.9 million, compared to a loss of USD74.2 million in the previous corresponding period.

*Based on the conversion rate at USD1 = INR47.555

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