Saturday, May 25, 2013

spice jet posts 185.72 crore rupee loss in last quarter

Spice jet is a budget airline  ( low cost airline ) company  operating in India and seems to be at the number 3 position.

It's share was trading at Rs.37.80/- on friday (24/5/2013)

Spicejet company has posted a loss of Rs. 185.72/- crore (1.86 billion ?? ) for the quarter ending 31st March 2013.

for the last fiscal year  the total loss was Rs. 191 crore, while it was Rs.605.7 crores for the previous year FY12.

There has been increase in airport charges ,high fuel costs , weakness of the indian rupee which were adverse to the domestic aviation industry.

But there seems to have been an increase in the passenger traffic and increase in fares as well. Numerous international routes also seem to have been added


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