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Chennai, May 24, 2013: The continued weakness of Indian Rupee,
high fuel prices and significant tax burden continued to hurt the entire domestic
aviation sector. However, for yet another quarter SpiceJet was able to successfully
grow passenger traffic by around 20%, outperforming the domestic industry passenger
growth. However, the increase in fares was inadequate to fully absorb the impact
of higher costs of operation.
Revenue for the fourth quarter ended March 31, 2013 increased by 31% to Rs 1,456
crore as compared to Rs 1,113 crore of the quarter ended March 31, 2012.
The average passenger yields in the March quarter increased 8% as compared to the
corresponding quarter a year ago.
Load factor during the March, 2013 quarter was 76% from 74% during the same period
last year.
SpiceJet’s Market Share in March 2013 increased to 20.4% from 17.1% in March 2012.
SpiceJet posted a loss of Rs. 186 crore for the quarter ended March 31, 2013 compared
with a loss of Rs. 249 crore for the comparable period last fiscal year. For the
financial year ended March 31, 2013 the company’s net loss stood at Rs 191 crore
against a net loss of Rs 606 crore in the prior year.
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