SpiceJet swings to profit in FY2010, future looks brighter

SpiceJet posted a net profit of USD12.9 million in the 12 months ended 31-Mar-2010 (compared with a loss of USD74.2 million in the previous corresponding period), helped by lower fuel costs and an upswing in passenger demand. Seat factor surged 12.0 ppts to 78%, offsetting an 11.2% reduction in the average airfare to USD68.66. [1748 words]

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This report contains the following subheadings:

• Solid fourth quarter result leads to full year profitability
• SpiceJet Board approves USD75 million fund raising proposal
• SpiceJet to have positive net worth by the end of FY2011
• To launch international operations this year
• To stick to capacity plans for 2010 to not jeopardise turnaround
• Outlook: Strong near-term outlook

This report contains the following charts and tables:

• SpiceJet financial highlights for 12 months ended 31-Mar-2010 
• SpiceJet financial highlights for three months ended 31-Mar-2010
• SpiceJet operating profit margin and net profit margin: 1QFY2009 to 4QFY2010
• SpiceJet costs growth: 4QFY2010
• SpiceJet passenger numbers and passenger number growth (% change year-on-year): 3QFY2008 to 4QFY2010
• SpiceJet passenger numbers and passenger numbers growth (% change year-on-year): Apr-2009 to Apr-2010
• SpiceJet market share: Apr-2008 to Apr-2010
• SpiceJet shareholding pattern
• SpiceJet destination map: Apr-2010
• SpiceJet share price: 04-May-2009 to 26-May-2010