Clearance of dues is a key step in airline's revival.
SpiceJet is in talks with aircraft makers for a jet deal.
The airline reported a net loss of Rs 321.50 crore (Rs 3.21 bn) in Q4.
40 executives in the middle to senior level are set to join the airline from rival IndiGo.
The budget carrier was on the verge of collapsing in Dec.
On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets
Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
This is the third consecutive profitable quarter for SpiceJet.
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