Chennai, Jan. 21:
Budget carrier SpiceJet is back in the black with a net profit of Rs 102
crore for the third quarter ended December 31, 2012, after it posted a net loss
of Rs 163 crore in the previous quarter. In the third quarter of 2011-12, it
posted a net loss of Rs 39 crore. The company has attributed this “huge
achievement” to the relatively lower fuel cost — which fell to 45 per cent of
the total revenue, against 50 per cent last year. The company posted a 37 per
cent growth in income at Rs 1,603 crore from Rs 1,173 crore last year
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