Investors cheered the airline’s December quarter results, with the company clocking a net profit of Rs240 crore, exceeding analysts’ estimates. But do note that in the year-ago quarter, fares had declined 7%. The SpiceJet stock eventually ended the day about 4% higher. For the nine-month period ended 31 December, SpiceJet’s fares increased 7%. Unless crude oil prices throw up nasty surprises adversely impacting profit margins, the SpiceJet stock should get support for an easy flight.

Source: Mint February 08, 2018 02:03 UTC