SpiceJet shares soar, profitable in Sep-2010 quarter, orders Q400s; Tiger profitable

Shares in SpiceJet climbed 6% to INR88.15 yesterday, the highest closing level since 17-Jan-2008, prior to the carrier announcing its financial results for the three months ended Sep-2010 and an order for up to 30 Bombardier Q400 turboprops. The carrier’s shares have gained 55% in 2010 compared with a 17% rise in the benchmark Bombay Stock Exchange Sensitive index.

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