Flying cargo helped SpiceJet in Q1; future path still turbulent
- SpiceJet Ltd's cargo revenues have more than doubled and increased by a whopping 144% year-on-year to ₹236 crore
- With total operating revenues falling by 83% year-on-year to ₹514 crore, loss at the Ebitdar level stood at ₹166.5 crore
While the June quarter was expected to be a washout for airlines due to the pandemic, higher cargo revenues have brought a small sigh of relief for SpiceJet Ltd. The low-fare airline said cargo revenues increased by 144% year-on-year (y-o-y) to ₹236 crore.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more