February 16, 2022 11:07 AM IST

How SpiceJet turned a surprise profit after a string of losses

Hint: It has little to do with operations. And the airline is not out of the woods

SpiceJet's Q3 to show sequential improvement; update on cargo business to be in focus

Brokerage firm Prabhudas Lilladher expects SpiceJet to report a 66.6 percent QoQ growth in December quarter sales and 76.2 percent QoQ growth in EBITDAR.

SpiceJet Q1 PAT seen up 449.8% YoY to Rs. 139.7 cr: Prabhudas Lilladher

Net Sales are expected to increase by 24.3 percent Y-o-Y (up 9.8 percent Q-o-Q) to Rs. 2,778.3 crore, according to Prabhudas Lilladher.

SpiceJet Q4 – Fading competitive intensity augurs well

Spicejet Q4 PAT seen up 183.1% YoY to Rs. 130.6 cr: Prabhudas Lilladher

Net Sales are expected to increase by 29.1 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 2,619.6 crore, according to Prabhudas Lilladher.

Brokerages see SpiceJet gathering speed despite wobbly Q3; are the skies clear going ahead?

They have retained buy calls on the stock, stating better fuel efficiency, passenger load factors and falling non-fuel cost.

Spice Jet Q2 PAT seen up 135.5% YoY to Rs. 138.8 cr: Edelweiss

Net Sales are expected to increase by 35.1 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 1891.6 crore, according to Edelweiss.

Spice Jet Q1 PAT seen up 21.9% YoY to Rs 181.7 cr: Edelweiss

Net Sales are expected to increase by 10.5 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 1796.6 crore, according to Edelweiss. Spice Jet to report net profit at 181.7 crore up 21.9% year-on-year.

Spicejet Q4 PAT may dip 60.2% to Rs 72.1 cr: ICICI Securities

Net Sales are expected to increase by 2.2 percent Q-o-Q (up 13.8 percent Y-o-Y) to Rs 1677.8 crore, according to ICICI Securities. Spicejet to report net profit at 72.1 crore down 60.2% quarter-on-quarter.

Spicejet Q3 PAT seen up 242% to Rs 190 cr: HDFC Securities

Net Sales are expected to increase by 20.3 percent Q-o-Q (up 15.4 percent Y-o-Y) to Rs 1680 crore, according to HDFC Securities.

Crude prices in $45-55 range comfortable for airlines: Spicejet

Speaking to CNBC-TV18 Ajay Singh, Chairman and Managing Director of Spicejet, said the performance of the airline has been creditable given the fact this is the weakest quarter for industry.

Will halve debt over 1 yr, maintain FY17 PLF at 92%: Spicejet

Speaking to CNBC-TV18 Chairman and Managing Director Ajay Singh said Spicejet focuses more on growing profitably than running after market share.

SpiceJet may lose steam post 14% jump, CLSA tells you why

The brokerage house says that SpiceJet‘s best is behind us with Q1FY17 and expects scale of capacity addition in the industry as well as by SpiceJet not only to dampen yields but also lower SpiceJet‘s utilisation levels that have been at unsustainably high levels. Moreover, fuel savings will also start to evaporate, it adds.

Spicejet Q1 profit seen down 24% to Rs 55 cr: ICICI Securities

Sales are expected to decrease by 7.7 percent Q-o-Q (up 23 percent Y-o-Y) to Rs 1360.8 crore, according to ICICI Securities

Warrant issue, Brent crude key for SpiceJet:HDFC Securities

In the fourth quarter of FY16, the company was benefitting from lower crude prices, but the scenario will change going forward as there could be a hike in crude, says Rupin Shah, Research Analyst with HDFC securities.

Video: Can SpiceJet shareholders take off seat belts and relax?

Budget airline SpiceJet reported a net profit of Rs 238.40 crore for the three-month period ended December 2015, staying profitable for the fourth straight quarter mainly aided by lower fuel costs. Here's a video on its earnings.

Will be profitable by 2015; CFO on personal leave: SpiceJet

Sanjiv Kapoor, chief operating officer, SpiceJet says the company is looking for ways to recapitalize the low-cost carrier.

See threat from new cos; better civil aviation needed: Sun

SL Narayanan, group chief financial officer, Sun Group says that the company was hit by a double whammy of rupee depreciation and low traffic.

Muscat route addition to boost overseas profits: SpiceJet

Going forward share of international routes will furthers strengthen as the company has recently added Muscat in its list of destinations, says SL Narayanan, Group CFO, Sun Group.

SpiceJet likely to post Q4 net loss at Rs 60 cr

As per CNBC-TV18 poll, SpiceJet's revenues are likely to go up by 35 percent to Rs 1,501 crore in the 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.

Checkout: Mehraboon Irani's Q3 hits and misses

In an interview to CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities highlights his hits and misses for the quarter ending December. While he lists Amara Raja and Spicejet as hits, Ashok Leyland and dish TV could not attract him.

Q4 will be challenging quarter; expect low demand: SpiceJet

In an interview to CNBC-TV18, Neil Mills, cheif executive officer, SpiceJet gives his views on the airline's Q3 results.

Spicejet posts 51% growth in revenue: Neil Mills

Neil Mills, chief executive officer, Spicejet, says that after five consecutive quarters of losses the airline has managed to post a revenue growth of 51% in this quarter. With the week rupee it is not attractive for us to do hedging.

No under-provisioning done in results, says SpiceJet CEO

There was no under-provisioning done in the results, says Neil Mills, chief executive of SpiceJet, replying to comments made by its auditor in a recent report.

SpiceJet says FY12 to be profitable, plans major expansion

In an interview with CNBC-TV18, Neil Mills, CEO of SpiceJet said, the increase in fuel cost hampered the profitability. "I think the next couple of quarters will be tough for the company," he said.