Saturday, August 05, 2006

SpiceJet declares Rs 71.52 crore profit

In its very first year of operations, SpiceJet declared an operating profit of Rs 71.52 crore. Revenues for the year stood at Rs. 453.15 crore.
The airline carried over 1.60 million passengers during the year with an average load factor of 86%. SpiceJet has garnered a market share of 7.8% with a fleet of six aircraft.
SpiceJet's average load factor, highest in the industry, coupled with better yield management and strict cost controlling have resulted in better than the industry financial performance.
In addition to achieving highest load factors, the airlines achieved 99.5% flight dispatch reliability and maintained over 90% on-time performance and registered lowest cancellations.
04/08/06 Andhra Cafe