SpiceJet Q3 net profit dives 77% to Rs 55 cr

Mumbai: Budget carrier SpiceJet on Monday reported a massive 77% fall in its net profit at Rs 55 crore owing to higher aviation fuel cost and rupee depreciation. Total income stood at Rs 2,530.8 crore for the quarter as against Rs 2,096.1 crore in Q3FY18, it said. A strong 8% increase in passenger yields helped the airline partially offset record high cost due to 34% increase in crude oil prices and 11% depreciation in rupee. PTI