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SpiceJet swings to quarterly profit; shares rise

Source : REUTERS
Last Updated: Mon, Jan 21, 2013 08:34 hrs
India's SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai

Indian budget carrier SpiceJet swung to a quarterly profit on Monday, aided by higher fares, sending its shares up as much as 7.6 percent.

SpiceJet earned 1.02 billion rupees ($18.95 million) in October-December, compared with a net loss of 392.6 million rupees in the year-ago quarter.

SpiceJet said average passenger yields rose 29 percent in the latest quarter, a period that saw Kingfisher Airlines grounding its fleet. A rise in passenger yields reflects higher airfares.


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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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