Indian Airline Industry: Spicejet, Comparison with Southwest
Key Conclusions:
Spicejet Ltd.
Financial Performance
|Year Ended |March 07 |March 08 |March 09 |
| |Actuals |Actuals |Actuals |
|No. Of Month |10 |12 |12 |
|Total operating income (TOI) | 6,438.0 | 12,949.9 | 16,894.5 |
|EBIDTA (before lease rental) | (255.9) | (41.2) | (831.8) |
|EBIDTA (after lease rental) (Adj.EBIDTA) | (1,623.0) | (2,567.2) | (4,421.1) |
|EBIDTA /TOI (%) |-3.98% |-0.32% |-4.92% |
|Adj.EBIDTA/TOI (%) |-25.21% |-19.82% |-26.17% |
|Interest | 27.1 | 90.1 | 118.5 |
|Depreciation | 58.5 | 78.2 | 72.5 |
|Operating Profit (OP) | (1,708.6) | (2,735.5) | (4,612.1) |
|Non-operating Income | 1,044.8 | 1,435.9 | 1,240.9 |
|PBT | (663.8) | (1,299.6) | (3,371.2) |
|PAT | (673.8) | (1,323.9) | (3,404.4) |
|PAT/TOI (%) |-10.47% |-10.22% |-20.15% |...