The no-frills carrier, which saw the return of its original promoter Ajay Singh at the helm earlier this year, had a net loss of Rs 310.45 crore in 2014 September quarter. The airline has flown into the black despite its total income from operations declining over 28 per cent to Rs 1,040.13 crore in July-September of the current fiscal, according to a release.
In year-ago period, the same stood at Rs 1,449.94 crore.  SpiceJet benefited from over a 57 percent drop in jet fuel bill, which fell to Rs 337.78 crore in the quarter under review. In the same period a year ago, the bill stood at Rs 787.71 crore.
Besides, it managed to bring down overall expenses in the latest September quarter to Rs 1,068.05 crore, from Rs1,749.07 crore in the year-ago period."This is the third consecutive profitable quarter for SpiceJet. The airline recorded a load factor of 92.8 percent for the quarter, the highest in the industry," the release said.
In line with year-on-year capacity reduction of 34 percent that was driven by a smaller fleet in late 2014, SpiceJet said revenue for the quarter was down compared with the same period last year.
"Given that this quarter is the most challenging in the year, I am happy that the airline was able to demonstrate an encouraging performance."Our third consecutive profitable quarter since we embarked on the revival process shows that we are on the right track," SpiceJet CMD Ajay Singh said.
He also expressed confidence that the airline's performance would get better as it continues to focus on revenue maximisation, cost reduction and restoring operational reliability and on-time performance back to world-class standards.

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