Tue, Jun 06, 2017
With the GST coming in, volatility in crude prices ahead, low cost carries take on fare prices will be key thing to watch. Q4FY17 was mostly negative for Jet Airways, SpiceJet and Indigo on the back of low fares, ATF prices and demonetisation.
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Sat, Jun 03, 2017
Spicejet Ltd reported an over 50% drop in its standalone net profit for the quarter ended March 31, 2017 on June 3, 2017. The company said that its net profit for the given quarter stood at Rs 41.6 crore as against Rs 107.87 crore in the same period of last year.
SpiceJet is set to announce its results for the fourth quarter ended March 31, 2017. Profitability of domestic airlines have suffered the brunt of low fares, high Aviation Turbine Fuel and demonetisation.
Wed, Apr 12, 2017
Ansuman Deb, Research Analysts of ICICI Securities said, “Q4FY17 is likely to be the bottom for airline margins as cost tailwinds come back from Q1FY18. As such, valuations will not depend on this quarterly performance. Yet, Q4FY17 will provide insights to how airlines fare in a relatively adverse scenario in their ability to pass on higher costs. ”
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