SpiceJet: Concerns amid good show
SpiceJet’s June quarter profit rose 18 per cent y-o-y to ₹175 crore, a relief for the airline after two quarters of sharp profit decline. The good show was thanks to 9 per cent increase in passenger yields and continued growth in passenger numbers (19 per cent y-o-y) which translated into revenue growth of 23 per cent. Costs, especially fuel, rose faster though, resulting in margin moderation. ...
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