SpiceJet has declared a net annual profit of Rs 61.4 crore for the fiscal year 2009-10 against a loss of Rs 352.5 crore during the previous fiscal year. For the Jan-Mar quarter, the profit was Rs 27.5 crore against a loss of Rs 7.8 crore for the same period last year. In FY 2009-10, it saw a 44 per cent increase in traffic whereas the total air traffic increased only by 16 per cent.
Sanjay Aggarwal, chief executive officer, SpiceJet Limited, said, “Our robust performance is a combination of investments in customer service and brand, resulting in significant improvement in service delivery. This was further confirmed by the Hindustan Times MaRS Study clearly identifying SpiceJet as India's No. 1 low-cost airline. I would like to thank our employees for making Spicejet the most preferred airline in India.”
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