SpiceJet on Wednesday reported a 20% year-on-year decline in its net profit for the April-June quarter at Rs 158 crore. Revenue from operations during the period also fell 15% to Rs 1,708 crore.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) came in at Rs 401 crore, compared to Rs 525 crore in the same quarter a year ago. The earnings before interest, taxes, depreciation, amortisation and rent (Ebitdar) also came in at Rs 650 crore compared to Rs 645 crore in the same period a year ago.
SpiceJet said it has the highest passenger load factor among all airlines in the country.
“The airline continued to lead the industry with the highest domestic load factor of 91%, reinforcing its strong market position and operational excellence,” it said.
SpiceJet reported losses in the second and third quarter of FY24, and has been taken to court by multiple lessors over unpaid leases. The airline till last week had also delayed the June salaries to a section of its employees, citing “pressing operational financial commitments” and the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai had earlier this week even issued a passenger advisory stating that operations effective midnight on 13 August, would be temporarily disrupted.
