Kolkata, Nov 11 (UNI) SpiceJet, the country’s favourite airline, significantly cut down its net loss in the traditionally weak Q2 despite travel restrictions and Covid-19 affecting demand.
On a standalone basis, the net loss was reduced to INR 112.6 crore as against INR 462.6 crore in the same period last year.Total income was INR 1,305 crore for the reported quarter as against INR 3,074 crore in the same quarter last year.
For the same comparative period, expenses were INR 1,418 crore as against INR 3,536 crore. On an EBITDA basis, SpiceJet achieved a profit of INR 442 crore for the reported quarter as against INR 91 crore for the corresponding quarter last year. On an EBITDAR basis, the profit was INR 475 crore for the reported quarter as against a profit of INR 154 crore for the same quarter last year.