India's SpiceJet posts Q1 profit

Spicejet

14/08/2023 07:03

BENGALURU, Aug 14 (Reuters) - Indian budget carrier
SpiceJet  SPJT.BO  swung to a first-quarter profit on Monday as
lower expenses more than offset a fall in revenue.
    The company's profit came in at 2.05 billion rupees ($24.7
million) for the quarter ended June 30, from a loss of 7.89
billion rupees a year earlier.

($1 = 82.9475 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru; Editing by Varun H K)
 ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))