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.
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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.
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