SpiceJet predicts strong year ahead after posting 22% profits jump

India’s SpiceJet airlines has continued to see a rise in its business operations after it posted a 22% jump in fourth-quarter profit compared to the same period last year. The airline, which added new flights as well as an increase in its fleet, has to be the biggest beneficiary from the collapse of Jet Airways. Ajay Singh, chairman and managing director, SpiceJet said: “SpiceJet has posted a strong recovery in last two quarters after suffering a loss of INR 427.5 crore in the first two quarters due to steep increase in fuel costs and sudden depreciation of the Rupee. This