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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.

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