SpiceJet Q3 Review - Cargo Continues To Shine; Sustained Recovery In Passenger Traffic: Prabhudas Lilladher
A Spicejet Boeing 737 Max aircraft. (Source: Boeing)

SpiceJet Q3 Review - Cargo Continues To Shine; Sustained Recovery In Passenger Traffic: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

SpiceJet Ltd. reported operational numbers in line with market leader with passenger revenue per available seat-kilometer declining by 21.4% while various cost initiatives led to 1% decline in cost per available seat-kilometer.

The company continues to reap benefits from its cargo segment which grew by 36% QoQ thereby reducing cash burn. Yields were under pressure in Q3 given -

  1. new strain of virus slowing demand recovery
  2. capacity addition in the industry at a short notice post easing of restrictions.

Click on the attachment to read the full report:

Prabhudas Lilladher SpiceJet Q3FY21 Result Update.pdf

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