SpiceJet swings to small profit in second quarter

SpiceJet Ltd on Thursday reported a Rs 23.8 crore ($3.6 million) net profit for July to September, after its fuel costs fell and it filled more seats on its planes.

The quarterly profit is SpiceJet's third in a row, the airline said in a regulatory statement. The country's second-biggest budget airline by market share made a Rs 310 crore net loss for the same period last year.