India based private airliner SpiceJet
has reported a loss of Rs 310.4 crore in the second quarter, which is 45 per
cent less than the Rs 559.5 crore loss that it reported during the same quarter
in the previous year.
In a statement, SpiceJet however said there
were a positive impact of the year-on-year improvement in exchange rate and
fuel prices which were Rs 29 crore. The statement adds that total revenues were
up 15 per cent while expenses were down 2 per cent during the second quarter.
The statement further adds that the
second quarter of this year did not have the benefit of recently introduced
reduction in prices of aviation turbine fuel that came into effect in October
and November 2014.
The airline claims that the results
clearly indicate that its market stimulation efforts are driving not just
higher loads, but higher unit revenue also.
While welcoming the reduction in ATF prices which account for 40-45 per cent of the operating costs of a domestic airline, SpiceJet has also called for looking at reducing the airport costs within the country.
While welcoming the reduction in ATF prices which account for 40-45 per cent of the operating costs of a domestic airline, SpiceJet has also called for looking at reducing the airport costs within the country.
No comments:
Post a Comment