Low-cost domestic carrier SpiceJet will announce its fourth quarter (January-March) results Friday. Analysts on an average expect the company to report a loss of Rs 60 crore during the quarter as against loss of Rs 249.17 crore in a year ago period due to lean season.
The loss will be narrowed significantly on a year-on-year basis due to higher load factors and stronger yields Y-o-Y.
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Foreign airlines keen on investing in Indian aviationHowever, revenues are seen going up by 35 percent to Rs 1,501 crore in March quarter from Rs 1,113 crore Y-o-Y, despite industry passenger growth falling 1.5 percent Y-o-Y due to expansion in international segment.
Also there was an addition in fleet from 41 in the fourth quarter FY12 to 52 in Q4FY13, which will have a positive impact on load factors.
Load factors are expected to remain strong at 78 percent as against 75 percent Q-o-Q despite lean season.
Market share of Spicejet improved to 20.2 percent as against 19.2 percent in December quarter.
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