SpiceJet under as pressure as Q4 delivers profits but misses estimates | Editorji
  1. home
  2. > business
  3. > SpiceJet under as pressure as Q4 delivers profits but misses estimates
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

SpiceJet under as pressure as Q4 delivers profits but misses estimates

May 29, 2019 12:07 IST

Low cost carrier SpiceJet reported a 22 percent jump in its profits at Rs 56.3 crore in Q4. However, the number was lower than analyst estimates and it’s still a triple digit loss for the full year. Part of this quarter’s improvement was thanks to the Jet Airways fiasco. The management says massive fleet expansion, a favourable operating environment, significant improvements in yields and prime slots at key airports will make for a much stronger FY20. The stock is under pressure in trade.

Business

MTAR IPO subscribed 200 times

Mar 06, 2021 11:34 IST

Wipro's $1.45 bn UK acquisition

Mar 06, 2021 18:30 IST