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spicejet ltd (500285) Snapshot

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spicejet ltd (500285) Details

SpiceJet Limited operates as an airline company in India. The company provides passenger air transportation services under the SpiceJet brand name. As of August 14, 2014, it operated a fleet of 32 Boeing 737-800 and 6 Boeing 737-900ER aircrafts, as well as 15 Bombardier Q-400 aircraft focusing on Tier II and Tier III cities. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurgaon, India.

Founded in 1984

spicejet ltd (500285) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: 10.4M
Compensation as of Fiscal Year 2014.

spicejet ltd (500285) Key Developments

SpiceJet Announces Executive Changes

SpiceJet's vice-president of revenue management, Fares Kilpady has resigned, marking it the fourth top-level exit in the airline since it went back to he hands of former promoter Ajay Singh. Shilpa Bhatia, the airline's senior vice-president, sales and distribution, will additionally take care of Kilpady's role The airline hired Satinder Pal Singh Suri of Air India as its senior vice-president, flight operations. It has appointed Ardhendu Das, ex-IndiGo, as associate vice-president, critical resource management. The airline has also promoted Bhavesh Mishra, a senior pilot at the airline as chief of flight safety.

Spicejet Ltd Announces Executive Changes

Spicejet Ltd. announced that the Board of Directors of the company at its meeting held on May 28, 2015, approved the resignation of Mr. M. K. Harinarayanan as Independent Director with effect from May 28, 2015 and Mr. J. Ravindran as Independent Director with effect from May 29, 2015 of the company. The board also approved the appointment of Mr. Kiran Koteshwar as Chief Financial Officer of the company.

SpiceJet Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

SpiceJet Limited reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales/income from operations of INR 7,825.69 million compared to INR 15,729.41 million a year ago. Loss from operations before other income, finance costs and extraordinary items was INR 1,025.02 million compared to INR 3,344.15 million a year ago. Profit before tax was INR 225.18 million compared to loss of INR 3,215.10 million a year ago. Net profit was INR 225.18 million or INR 0.33 per diluted share against net loss of INR 3,215.10 million or INR 6.01 per diluted share a year ago. For the year, the company reported net sales/income from operations of INR 52,015.25 million compared to INR 63,042.33 million a year ago. Loss from operations before other income, finance costs and extraordinary items was INR 7,848.51 million compared to INR 9,994.49 million a year ago. Loss before tax was INR 6,870.54 million compared to INR 10,032.44 million a year ago. Net loss was INR 6,870.54 million or INR 12.28 per basic and diluted share against INR 10,032.44 million or INR 19.16 per basic and diluted share a year ago.

 

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