The advantage with SpiceJet is that unlike the rest of the low-cost competition, they are a listed company. Ergo, they have to release their earnings results to the Stock Exchanges the BSE (www.bseindia.com)and NSE (www.nseindia.com). SpiceJet has a Financial Year ended June, but for the first quarter of the current fiscal their results were like this...
Sales of Rs 572.61 million
Other Income of Rs 90.04 million
Total Income of Rs 662.64 million
Expenditure of Rs (-)752.72 million
Operating Profit of Rs (-)91.04 million
Gross Profit of Rs (-)96.99 million
Profit Before Tax of Rs (-)106.49 million
Net Profit of Rs (-)108.11 million
Even if you include the cost of starting up new stations, SpiceJets numbers are quite interesting to the state of the Indian Low-Cost community! However, to be fair, their losses have come down considerably from the last quarter when they had a Net Profit of Rs (-)237.17 million.
A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,