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SpiceJet swings to ₹205 cr profit in Q1

Mint Mumbai

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August 15, 2023

Total income fell 8.4% to ₹2,267 crore in the quarter while total expenses decreased by 36% to ₹2,069 crore

- Anu Sharma

SpiceJet swings to ₹205 cr profit in Q1

Budget carrier SpiceJet on Monday reported a net profit of 205 crore in the June quarter, buoyed by continued strong demand for air travel. The Gurugram-based airline had reported a net loss of 789 crore a year earlier.

Total income fell 8.4% to 2,267 crore in the quarter while total expenses decreased by 36% to 

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