SpiceJet losses in line with Jet Airways
It's losses were in line with Jet Airways which posted a loss of Rs 713 crore during the September quarter against a profit of Rs 12.40 crore a year ago.
SpiceJet's total revenues rose to Rs 766.5 crore from Rs 629 crore corresponding quarter previous year.
The airline's expenditure on fuel rose by 83% from Rs 260.8 crore a year ago to Rs 478 crore during the quarter.
It's staff cost increased 62.24% to Rs 86.38 crore and its lease rentals went up by 31% to Rs 137.5 crore against 260.8 crore reported previous year.
The rising crude prices have impacted the profitability of most of the airline companies, resulted into sharp losses.