SpiceJet still in the red, but heading in the right direction

SpiceJet reported a USD3.7 million net loss in the three months ended 31-Dec-08, but the darkest days could now be behind it. Revenue growth eased to 16% in the three months ended 31-Dec-08, to USD108.2 million. [887 words]

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This report contains the following subheadings:

• Market share rises to 10%
• WL Ross putting his stamp on SpiceJet
• Outlook better, but return of discounting is of concern

This report contains the following charts and tables:

• SpiceJet operating profit margin and net profit margin: 2QFY08 to 3QFY09
• SpiceJet financial highlights for three months ended 31-Dec-08
• SpiceJet passenger numbers and passenger number growth: 4QFY07 to 3QFY09
• SpiceJet financial highlights for nine months ended 31-Dec-08
• SpiceJet domestic market share: Jan-06 to Dec-08