SPICEJET POSTS 10% PROFIT INCREASE IN QUARTERLY RESULTS

SpiceJet has reported a net profit of 94.4 crores for the quarter ended December 2010 with a 10% improvement in EBITDA to 114 crores over the same period previous year. SpiceJet has posted a profit for the last five successive quarters thanks to an increase in domestic passenger traffic. SpiceJet also posted its highest quarterly load factor 87.8% during this period and closed with an all-time high market-share of 13.6% for the quarter against load factor of 80% and a market-share of 12.5% for the same quarter last year. Neil Mills, chief executive officer, said: “In a sense, this has been