Latest news with #IOSA
Business Standard
9 hours ago
- Business
- Business Standard
Spicejet gains as Q4 PAT zooms 173% YoY to Rs 325 cr
Spicejet added 2.31% to Rs 44.82 after the company's standalone net profit surged 173% to Rs 324.87 crore in Q4 FY25 as against Rs 119 crore posted in Q4 FY24. However, revenue from operations fell 13.4% year on year to Rs 1,360.87 crore in the fourth quarter of FY25. EBITDA stood at Rs 526.20 crore in Q4 FY25, up 36.10% as against Rs 386.60 posted in Q4 FY24. The company EBITDAR of Rs 689.90 crore in the fourth quarter of FY25, up 11.83% year on year. During the fourth quarter of total passenger revenue per available seat kilometer (RASK) stands at Rs 5.32. Passenger Load Factor (PLF) stood at an impressive 88.1%. In Q4 FY25, the Promoter Group of SpiceJet completed an equity infusion of Rs 500 crore, including the final tranche of Rs 294.09 crore during the quarter. As part of its summer 2025 schedule, the airline launched 24 new domestic flights and expanded its network by adding three new destinations-Tuticorin, Porbandar, and Dehradun. Additionally, SpiceJet successfully renewed its prestigious IATA Operational Safety Audit (IOSA) certification, reinforcing its commitment to global safety standards. Ajay Singh, chairman and managing director, SpiceJet, said, As we share our quarterly and annual performance today, our thoughts are with those affected by the tragic Air India crash in Ahmedabad. This heartbreaking tragedy has deeply affected us all, and our thoughts are with the families and loved ones of those lost in this devastating crash. The entire aviation community stands together in this moment of grief. SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the tireless efforts of our team, the continued trust of our passengers, and the resilience of our brand. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well positioned for sustainable growth. While the revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, momentum is now clearly building. Our partnerships with world class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady rampup in operational capacity in the weeks ahead. Meanwhile, the company has entered into a term sheet with Carlyle Aviation Management (CAML) to restructure aircraft lease obligations amounting to $121.18 million as of 31 March 2025. The agreement is aimed at optimizing the airlines capital structure and improving liquidity, as the company continues efforts to streamline operations and strengthen its financial position. SpiceJet is Indiaʹs favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA and IOSA certified airline that operates a fleet of Boeing 737s & Q400s and is one of the countrys largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy-class seating in India
Time of India
15 hours ago
- Business
- Time of India
SpiceJet Q4 Profit: SpiceJet posts record Q4 profit, marks first annual profit in seven years, ET TravelWorld
Advt By , ETTravelWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETTravelWorld industry right on your smartphone! Download the ETTravelWorld App and get the Realtime updates and Save your favourite articles. SpiceJet has reported its highest-ever quarterly profit of INR 319 crore for the fourth quarter of FY25, a significant increase from INR 26 crore in the previous quarter. The airline also recorded a net profit of INR 48 crore for the full fiscal year, marking its first annual profit in seven revenue rose by 17.6 per cent quarter-on-quarter to INR 1,942 crore, while EBITDA grew from INR 209 crore in Q3 to INR 527 crore in Q4. The airline achieved a passenger load factor of 88.1 per cent , signalling strong demand, while RASK stood at INR the full year, SpiceJet posted total revenue of INR 6,736 crore. Though down from INR 8,497 crore in FY24, the airline managed to improve profitability through cost controls and higher operational efficiency. Passenger RASK increased 9.3 per cent year-on-year, reaching INR airline's net worth turned positive in Q3 FY25 and rose to INR 683 crore by the end of the year, aided by a INR 500 crore equity infusion by the Promoter Group. The final tranche of INR 294.09 crore was received in the fourth Q4, the airline added 24 domestic routes under its Summer 2025 schedule, including new destinations Tuticorin, Porbandar, and Dehradun. The carrier also launched special Haj operations from Srinagar, Guwahati, Gaya, and Kolkata, and resumed international operations with Kathmandu as the first destination of Singh, Chairman and Managing Director of SpiceJet, acknowledged the tragic Air India crash in Ahmedabad, offering condolences to the affected added, 'Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the tireless efforts of our team… With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well-positioned for sustainable growth.'The airline has also renewed its IATA Operational Safety Audit (IOSA) certification and received credit rating upgrades. Engine overhauls, in partnership with StandardAero Inc. and Carlyle Aviation, are underway to restore grounded fleet capacity.
Malaysian Reserve
18 hours ago
- Business
- Malaysian Reserve
Batik Air renews IOSA certification; reaffirms dedication to safety, operational excellence
KUALA LUMPUR — Batik Air has successfully renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification, which is valid until June 3, 2027. In a statement today, the airline said the IOSA certification sets global benchmarks for aviation safety and operational efficiency by assessing an airline's systems and procedures against a comprehensive set of harmonised standards and recommended practices. The renewed certification was awarded following a comprehensive audit conducted under IATA's enhanced Risk-Based Audit (RBA) framework. 'The airline's IOSA renewal reflects its deep-rooted values and its long-term vision to be a trusted full-service carrier of choice,' it said. Batik Air chief executive officer Datuk Chandran Rama Muthy said the certification offers not only assurance, but also peace of mind for the airline's passengers. 'Whether flying domestically or across borders, they can trust that every Batik Air flight is supported by robust safety protocols, seamless coordination, and operational precision,' he added. The airline said the renewal of the certification underscores the team's continued efforts in upholding and exceeding global aviation safety standards. Meanwhile, Batik Air said it will continue to expand its regional and international footprint while maintaining an unrelenting focus on safe, reliable, and comfortable air travel. 'Passengers flying with Batik Air can look forward to a travel experience built on industry best practices, a modern fleet, and an unwavering culture of safety,' it said. — BERNAMA
The Sun
19 hours ago
- Business
- The Sun
Batik Air renews IOSA certification; Reaffirms dedication to safety, operational excellence
KUALA LUMPUR: Batik Air has successfully renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification, which is valid until June 3, 2027. In a statement today, the airline said the IOSA certification sets global benchmarks for aviation safety and operational efficiency by assessing an airline's systems and procedures against a comprehensive set of harmonised standards and recommended practices. The renewed certification was awarded following a comprehensive audit conducted under IATA's enhanced Risk-Based Audit (RBA) framework. 'The airline's IOSA renewal reflects its deep-rooted values and its long-term vision to be a trusted full-service carrier of choice,' it said. Batik Air chief executive officer Datuk Chandran Rama Muthy said the certification offers not only assurance, but also peace of mind for the airline's passengers. 'Whether flying domestically or across borders, they can trust that every Batik Air flight is supported by robust safety protocols, seamless coordination, and operational precision,' he added. The airline said the renewal of the certification underscores the team's continued efforts in upholding and exceeding global aviation safety standards. Meanwhile, Batik Air said it will continue to expand its regional and international footprint while maintaining an unrelenting focus on safe, reliable, and comfortable air travel. 'Passengers flying with Batik Air can look forward to a travel experience built on industry best practices, a modern fleet, and an unwavering culture of safety,' it said.
The Sun
19 hours ago
- Business
- The Sun
Batik Air renews IOSA certification
KUALA LUMPUR: Batik Air has successfully renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification, which is valid until June 3, 2027. In a statement today, the airline said the IOSA certification sets global benchmarks for aviation safety and operational efficiency by assessing an airline's systems and procedures against a comprehensive set of harmonised standards and recommended practices. The renewed certification was awarded following a comprehensive audit conducted under IATA's enhanced Risk-Based Audit (RBA) framework. 'The airline's IOSA renewal reflects its deep-rooted values and its long-term vision to be a trusted full-service carrier of choice,' it said. Batik Air chief executive officer Datuk Chandran Rama Muthy said the certification offers not only assurance, but also peace of mind for the airline's passengers. 'Whether flying domestically or across borders, they can trust that every Batik Air flight is supported by robust safety protocols, seamless coordination, and operational precision,' he added. The airline said the renewal of the certification underscores the team's continued efforts in upholding and exceeding global aviation safety standards. Meanwhile, Batik Air said it will continue to expand its regional and international footprint while maintaining an unrelenting focus on safe, reliable, and comfortable air travel. 'Passengers flying with Batik Air can look forward to a travel experience built on industry best practices, a modern fleet, and an unwavering culture of safety,' it said.
