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Thursday October 15, 05:40 PM
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SpiceJet to post a net loss in Sept-qtr - official
NEW DELHI (Reuters) - Low-cost carrier SpiceJet expects to post a loss in the September quarter as average ticket realisations fell and as the number of unfilled seats rose in the period, its chief executive said on Thursday.
However, the company is expected to breakeven for the fiscal year ending March 2010, if the improving trends seen in the first few weeks of the festive season continue, Sanjay Aggarwal told Reuters in an interview.
"In the last four weeks yields have moved up, demand is still kind of holding up at levels we saw last month," Aggarwal said.
Yield, or the average realisation per customer, fell to 2,600-2,700 rupees in the September quarter, compared with 4,000 rupees a year earlier.
(Reporting by C.J. Kuncheria; Editing by Prem Udayabhanu)
