“In Q4, there was an increase of 12.7 % in crude oil prices that impacted the bottom line by approximately Rs 814 million. The Company registered an 8% increase in yield which helped in maintaining operational profits,” SpiceJet
said in a press release.
In past one month, the stock underperformed the market by falling 21% as compared to 3.8% rise in the S&P BSE Sensex.
would start receiving Boeing737-8Max and regional Bombardier planes from Q3FY19. The company gives guidance of induction of 19 Boeing 737 Max aircraft in FY19 which are 8-9% fuel efficient. Company also guides about induction of 8 new generation Q400s regional aircrafts with additional capacity in FY19, and thus will improve operating economics of this aircraft by 15-18%,” analysts at Elara Capital said in quarterly update.
The stock had a strong run-up in past three years, surging 506% against 29% rise in the benchmark index.