SpiceJet net profit jumps fivefold to Rs 107 crore in third quarter

Gurugram (Haryana) [India], February 24 (ANI): Budget airline SpiceJet posted an over fivefold jump in its net profit to Rs 107 crore for the quarter ended December 2022, against Rs 23.28 crore in the year-ago period.

The budget airline said despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and the depreciating rupee.

Revenue for the reported quarter was Rs 2,794 crore, against