SpiceJet adds Khajuraho to its network, to operate flights twice a week
The airline to connect Delhi with Sharjah with a non-stop flight and will operate four times a week.18-02-2022
18-02-2022
How SpiceJet turned a surprise profit after a string of losses
Hint: It has little to do with operations. And the airline is not out of the woods16-02-2022
SPICEJET LTD. - 500285 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
This is to inform you that the Board of Directors of the Company in its meeting held on February 15, 2022 has allotted 4,08,750 equity shares of the Company of face value of Rs.10 each pursuant to exercise of options under SpiceJet Employee Stock Option Scheme - 201715-02-2022
Q3FY22 Quarterly Result Announced for Spicejet Ltd.
Airlines firm SpiceJet declares Q3FY22 result: SpiceJet reports a Net Profit of INR 23.28 Crore in Q3 FY 2022 Reports EBIDTA profit of INR 511 Cr as against a loss of INR 106 Cr in Q2 FY 2022 SpiceXpress – SpiceJet’s logistics platform – reports a Net Profit of INR 67 Cr; revenue increased by 17% to INR 584 Cr as compared to last quarter Continues strong performance in passenger business – highest domestic load factor of 85.2%, increase in passenger revenue by 98%, flight departures increase by 59% as compared to Q2 FY2022 For the Quarter ending December 2021 Net Profit of INR 23.28 Cr (post one?time expense of INR 77.46 Cr on account of settlement) Strong growth across segments – revenue up by 74% as compared to Q2 FY 2022; Air Transport Service (passenger business) Revenue increased by 98% to INR 1681 Cr, Net Profit (before Exceptional Item) of INR 33.75 Cr Freighter & Logistics service – Revenue increased by 17% to INR 584 Cr, Net Profit of INR 66.73 Cr Capacity (in terms of Seat Kilometres) increased by 78% as compared to the previous quarter Passenger revenue increased by 98% Quarter on Quarter Flight departures increase by 59% Quarter on Quarter Key highlights for the quarter – Passenger SpiceJet’s Boeing 737 MAX returns to the skies Launched 40 new routes during the quarter Added Kushinagar as an UDAN destination; became the first Indian airline to start flights from the newest airport Operated 390 charters to various countries carrying over 64,000 passengers Launched a new platform to book tours, activities and experiences in partnership with Thrillophilia Launched new website aimed at providing an enhanced customer experience First Indian airline to be awarded ‘Diamond’ rating for upholding flight health and safety amid Covid pandemic from APEX Health Safety Received the 2021 APEX Newcomer of the year award for Cabin Crew App Developed a digital, smart document library – Pilot Docs for storing all manuals used by pilots in the cockpit; receives DGCA approval Introduced Dolby Atmos on SpiceScreen in-flight entertainment system to offer flyers with enhanced audio experience on-board Key highlights for the quarter – SpiceXpress Revenue from cargo increased by 17% Quarter on Quarter SpiceXpress’s network spans over 67 domestic & 105 international destinations including to US, Europe and Africa Carried more than 39,000 tonnes of cargo in Q3 FY2022 Ajay Singh, Chairman and Managing Director, SpiceJet, said, “I am happy that SpiceJet reported a profit in Q3 FY2022 driven by excellent logistics operations, rebound in passenger traffic and various accommodations from aircraft manufacturer and lessors.” “The passenger industry witnessed the much needed turnaround in third quarter as Covid cases ebbed in the first half of the quarter, travel picked up significantly and there was finally hope that the worst was behind us. However, that changed by the second half of December as Omicron halted that recovery. Our performance would have been much better but was impacted by the unexpected delay in the return to service of the 737 MAX, rising fuel costs and certain exceptional adjustments. I am happy to say that there are renewed signs of recovery in the passenger segment and the logistics segment continues to remain strong. ” Result PDF15-02-2022
SPICEJET LTD. - 500285 - Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Period Ended December 31, 2021
Please find attached the unaudited standalone and consolidated financial results for the quarter and nine months period ended December 31, 2021 duly approved by the Board of Directors of the Company in its adjourned meeting held on February 15, 2022 from 12:00 noon to 1:45 p.m. along with Limited Review Reports of the auditors and Press Release.15-02-2022
SPICEJET LTD. - 500285 - Board Meeting Intimation for Adjournment Of Board Meeting Originally Scheduled To Be Held On February 14, 2022
SPICEJET LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/02/2022 ,inter alia, to consider and approve the unaudited standalone and consolidated financial results for the third quarter ended December 31, 2021. Please find attached (a) notice for adjournment of Board Meeting of the Company originally scheduled to be held on February 14, 2022; and(2) update on closure of Trading Window in terms of the SEBI (Prohibition of Insider Trading) Regulations, 201514-02-2022
Maran, KAL Airways reject SpiceJet's Rs 600-cr offer for settlement
The low-cost airline owed them around Rs 920 crore in pursuance of an arbitral award.14-02-2022
SPICEJET LTD. - 500285 - Spicejet Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Spicejet Ltd with reference to the media report appearing on https://www.livemint.com dated February 09, 2022 titled "BlackRock Inc has raised an alarm over functioning at SpiceJet pointing at "substantial accounting irregularities" in the domestic airline''s books'.Spicejet Ltd response is enclosed.11-02-2022
Supreme Court asks Maran to consider settlement with SpiceJet
In February 2015, Maran had transferred his shareholding in SpiceJet to Ajay Singh, currently chairman and managing director of the airline. Singh, who paid 2 to take over the airline, also took over SpiceJet's liabilities worth 1,500 crore10-02-2022
SPICEJET LTD. - 500285 - Clarification sought from Spicejet Ltd
The Exchange has sought clarification from Spicejet Ltd with reference to the media report appearing on https://www.livemint.com dated February 09, 2022 titled "BlackRock Inc has raised an alarm over functioning at SpiceJet pointing at "substantial accounting irregularities" in the domestic airline''s books'.The reply is awaited.09-02-2022