AL JAZEERA ENGLISH (AJE) Indonesian stockmarket Feed
Spice Jet is planning to keep a tight check on costs for FY12. Spice jet airlines being the country’s second largest low-cost carrier (LCC) by market share has posted a net profit of Rs 101.15 crore in 2011 which is 65% up from last year’s net profit of Rs 61.45 crore.
SpiceJet known for its low cost fares has announced that it will increase its air fares this summer to counterbalance the hike in jet fuel which has increase its operational costs.
Due to political instability in West Asia and North Africa, crude mounted to $122 in March from $80 a barrel in December. Crude suffered demand –supply crisis due to uncertainty over elections in Nigeria, Africa’s biggest crude oil producer, and a continuing argument between government forces and revolt in Libya.
SpiceJet net profit rose 109.64% to Rs 55.22 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 26.34 crore in qtr ending June 2009. Sales rose 34.91% to Rs 707.86 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 524.69 crore in qtr ending June [...]
SpiceJet Results – Announces Qtr Ending June 2010 results is a post from: First Blog for Indian Financial Market
Kalanithi Maran who is well known as SUN Networks owner has entered into an agreement to acquire over 37 per cent equity in low-cost carrier SpiceJet.As Part of the agreement Maran’s aviation company Kal Airways would acquire a total of over 37 per cent stake from promoters Wilbur Ross and his investment companies as well [...]
Kalanithi Maran buys into 37 Percent of SpiceJet into KAL Airways is a post from: First Blog for Indian Financial Market
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