Motilal Oswal
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Motilal Oswal
Aviation

New planes may lower Spicejet's fuel cost by 25 p/CASK: Report

Updated : February 12, 2019 08:15 PM IST

The Gurugam-based airline, which posted a much lower profit at Rs 55 crore in the December quarter over the period year-ago, down 77 percent year-on-year, may see this cost declining further by another around Rs 0.10 seat-kilometer as it inducts more fuel-efficient Boeing 737-Max8 aircraft, brokerage Elara Capital in a note on Tuesday.
The Company has seven Boeing Max and one 737 freighter lined up for inductions during the last quarter of this financial year.
New planes may lower Spicejet's fuel cost by 25 p/CASK: Report
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