SpiceJet Ltd reported higher third-quarter revenue on Friday as the embattled low-cost carrier benefited from soaring demand for air travel, sending shares up almost 12%.
The airline said its profit surged to 1.07 billion rupees ($12.93 million) for the three months ended Dec. 31, from 232.8 million rupees in the year-ago quarter, which was impacted by a one-off expense related to a settlement with an aircraft manufacturer.
