"Given that this quarter is the most challenging in the year, I am happy that the airline was able to demonstrate an encouraging performance. "Our third consecutive profitable quarter since we embarked on the revival process shows that we are on the right track," SpiceJet CMD Ajay Singh said. He also expressed confidence that the airline's performance would get better as it continues to focus on revenue maximisation, cost reduction and restoring operational reliability and on-time performance back to world-class standards. On EBITDA basis, SpiceJet posted a profit of Rs 75.2 crore in the 2015 September quarter. In the comparable period, it was a loss of Rs 239.3 crore. "On EBITDAR (earnings before interest, taxes, depreciation, amortisation and restructuring) basis, the company reported a profit of Rs 244.7 crore against a profit of Rs 20.3 crore in the same quarter last year. These results reflect a restructuring gain of Rs 65 crore and a currency re-evaluation loss of Rs 23 crore," the release said.