SpiceJet posts US$13.4 million quarterly profit

February 28th 2023

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SpiceJet’s net profit rose 160%, to 1.1 billion rupee (US$13.4 million), in the three months to December 31 from a 424.5 million rupee profit in the matching months in 2021. Read More » Revenue increased 5.4%, to 28.2 billion rupee, SpiceJet said in a regulatory filing. “The profits have been driven by a strong performance in our passenger and cargo businesses,” SpiceJet chair and managing director, Ajay Singh, said. “Air travel has come roaring back reaching new heights and providing a glimpse of the huge potential of the Indian aviation market. We look forward to a robust and exciting 2023.”