SpiceJet net profit triples to ₹73 crore in Q4
India’s second largest low-cost airline SpiceJet on Thursday reported an over three-fold rise in net profit to ₹73.19 crore for the quarter ended March, on higher passenger load and capacity. Income from operations rose 86.5% to ₹1,475 crore. SpiceJet said profit was calculated after taking a “one-time expense of ₹173 crore towards stabilising and improving the reliability of its fleet”.