Friday , January 22 2021

SpiceJet Q2 results: SpiceJet Q2 loss, ATF price hike Rs 389.4 crore, weak rupiye is expanding

NEW DELHI: Low wage SpiceJet reported loss of Rs 389.4 crore during July-September 2018 period. This is the second quarter loss of the airline at the end of 13 lucrative quarters.

… Expenses 25 increased by 25% due to ATF (aviation turbine fuel) 48% and 10% increase in exchange rate “. The net loss of net 388.4 in the September quarter of 2018 due to rising fuel costs and rupee depreciation announced net loss, yükselen he said. . As an impact of the strong cost pressures encountered in this quarter, the company has started to pay Rs 272 crore. The cost of ATF is due to the forex losses due to the fulfillment of its obligations according to Q2 2017 due to the Rup 78 depreciation and Rs 46 turnover. Revenue performance fell by only 1%, despite serious competition. "

For the same reasons, the other two listed airlines, IndiGo and Jet Airways, have previously reported loss of Q2 Rs 652 crore and Rs 1297.5 crore.

The airline's Q2 fuel bill increased by 36% from Rs 542.3 crore to Rs 845.1 tons in the same period of last year. Total revenue increased to 1.8% from 1.842 points in the last quarter.

SpiceJet chairman Ajay Singh said: sektör Despite the challenging quarter for the entire industry, thanks to aggressive network expansion, cost reduction, the induction of fuel-efficient aircraft and the spirit of immortal competition, SpiceJet has managed to steer the direction of the industry well. Our employees SpiceJet went on a spectacular growth journey and this quarter was very special, especially for us. After we start offering a special air cargo service to our new 737 MAX and Q400 aircraft, we are at the core of our aggressive expansion by keeping our costs under control. We expect the operating environment to improve significantly with higher wages, the decline in global crude oil prices and the depreciation of the exchange rate. "

In a statement, the airline says new aircraft are designed to reduce fuel and engineering costs and reduce noise pollution and greenhouse gas emissions. Dı The national agenda of UDAN (Ude desh ka aam nagrik), SpiceJet announced 10 new flight flights throughout the quarter and started operations in Delhi-Kanpur. SpiceJet operates 25 UDAN flights from Mumbai-Porbandar, Mumbai-Kandla-Mumbai, Hyderabad-Puducherry-Hyderabad, Jaipur-Jaisalmer-Jaipur, Chennai-Hubli-Chennai, Hyderabad-Hubli-Hyderabad, Delhi-Adampur-Delhi. and Delhi -Kanpur – Delhi, Kolkata – Pakyong – Calcutta, Delhi – Kishangarh – Delhi, Pakyong – Guwahati – Pakyong, Surat – Jaisalmer – Ahmedabad in Surat and Ahmedabad Jaisalmer, ve he said.

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