Has SpiceJet turned the corner?

SpiceJet reported a net loss of just USD1.6 million for the three months ended 31-Mar-09, tightening the gap from a USD25.75 million loss in the previous corresponding period. [741 words]

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This report contains the following subheadings:

• Full year net loss of USD75.6 million affected by 1H2008/09
• Passenger numbers continue to recover in May-2009
• Increases fuel surcharge: Following full service competition
• Outlook: Yields to remain under pressure

This report contains the following charts and tables:

• SpiceJet operating profit margin and net profit margin: 3QFY08 to 4QFY09
• SpiceJet financial highlights for three months ended 31-Mar-09 
• SpiceJet passenger numbers and passenger number growth: 1QFY08 to 4QFY09
• SpiceJet operating profit margin and net profit margin: 3QFY08 to 4QFY09
• SpiceJet financial highlights for 12 months ended 31-Mar-09
• SpiceJet passenger traffic and growth rate (% change year-on-year): Jun-08 to May-09
• SpiceJet market share: Jun-07 to May-09
• SpiceJet share price growth: Jan-2009 to Jun-2009