SpiceJet Q1 loss at Rs. 124 crore

August 15, 2014 11:46 pm | Updated November 16, 2021 06:13 pm IST - CHENNAI:

SpiceJet has posted a marginal drop in its total income at Rs. 1,691.04 crore in the first quarter ended June 30, 2014, against Rs. 1,701.54 crore in the year-ago period. It reported a net loss of Rs. 124.10 crore against a profit of Rs. 50.56 crore.

The company said in a statement that it achieved a 9.4 per cent rise in its unit revenue (RASK - a measure of revenue performance combining both load factor and yield) in challenging market conditions despite 8.4 per cent reduction in capacity. The performance in April was adversely impacted by ramp-up period for the new network that was launched on March 30.

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