SpiceJet April-June net profit down 10%

SpiceJet’s net profit during the first quarter of the current fiscal fell by 10 per cent at Rs 50.55 crore on account of rupee’s falling value and high cost of fuel. The airline had registered a net profit of Rs 56.15 crore during the corresponding period last fiscal.

During the period,total income of the airline increased by 16 per cent to Rs 1,704.30 crore as compared to Rs 1,466.69 crore recorded in the year-ago period,however,total expenses went up by 16.9 per cent to Rs 1,641.93 crore.

During the first quarter,fuel expenses for the airline increased