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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.

5,639 Employees
Last Reported Date: 08/22/14
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 to Introduce New Daily Flights from Amritsar and Mangalore to Dubai

SpiceJet has announced that it will introduce two new daily flights to Dubai, from Amritsar and Mangalore as a part of the new summer schedule, effective March 29, 2015. These flights are in addition to the five existing daily flights already to Dubai from Delhi, Mumbai, Ahmedabad, Kochi, and Madurai, taking SpiceJet's service to Dubai to seven flights daily. On the domestic front, SpiceJet is adding a new flight between Chennai and Vijayawada. SpiceJet is also adding frequencies to a number of domestic routes. These frequency increases are between Delhi and Amritsar (now twice daily), Bangalore and Mangalore (now three times daily), Mumbai and Jabalpur (twice daily), Delhi and Jabalpur (two times daily), Delhi and Dehradun (three times daily), Delhi and Dharamshala (twice daily), Delhi and Jaipur (three times daily), Delhi and Srinagar (three times daily), Delhi and Udaipur (twice daily), Hyderabad and Tirupati (three times daily), Jammu and Srinagar (twice daily).

SpiceJet to Suspend Services; to Add New Daily Flights to Dubai, from Amritsar and Mangalore

SpiceJet announced that is suspending services to six cities - Aurangabad, Belgaum, Indore, Lucknow, Surat and Thiruvanthapuram - as part of its summer schedule. Services to these cities may resume later when the company adds more aircraft to its fleet. As part of the new schedule, and to maximise network efficiency with the planned summer fleet, SpiceJet is suspending services to these cities. However, the new summer schedule, effective March 29, 2015, has introduced new flights with additional frequency. SpiceJet will be introducing two new daily flights to Dubai, from Amritsar and Mangalore. These flights are in addition to the five existing flights already to Dubai from Delhi, Mumbai, Ahmedabad, Kochi and Madurai, taking SpiceJet's service to Dubai to seven flights daily.

SpiceJet Limited Reports Standalone Unaudited Earnings Results for the Third Quarter and Year to Date Ended December 31, 2014 and Operating Results for the Third Quarter Ended December 31, 2014

SpiceJet Limited reported standalone unaudited earnings results for the third quarter and year to date ended December 31, 2014 and operating results for the third quarter ended December 31, 2014. For the third quarter, the company reported net sales of INR 13,007.55 million compared to INR 17,962.66 million reported a year ago. Loss from operation before other income, finance cost and exceptional items was INR 2,389.96 million compared to loss from operation before other income, finance cost and exceptional items of INR 1,545.72 million a year ago. Loss before tax and net loss for the period was INR 2,750.25 million or INR 4.84 per basic and diluted share compared to loss from ordinary activities before tax and net loss of INR 1,727.97 million or INR 3.29 per diluted share reported a year ago. LBITDA was INR 1,950 million compared to INR 1,102 million for the same period a year ago. EBITDAR was INR 201 million compared to INR 1,620 million for the same period a year ago. For the year to date, the company reported net sales of INR 44,151.99 million compared to INR 47,308.28 million reported a year ago. Loss from operation before other income, finance cost and exceptional items was INR 6,300.32 million compared to INR 6,291.71 million a year ago. Loss before tax and net loss was INR 7,095.76 million or INR 12.98 per basic and diluted share compared to INR 6,817.34 million or INR 13.12 per basic and diluted share reported a year ago. For the quarter the company reported load factor of 83.2% compared to 70.5% for the same period a year ago. Available seat Km (ASK) was 3,527 million compared to 5,099 million for the same period a year ago. Revenue available seat Km (RPK) million 2,935 million compared to 3,595 million for the same period a year ago.

 

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