SpiceJet reports a profit of ₹261.7 crore
The budget airline has recognised expenses in aircraft lease rentals of ₹114.1 crore as ‘other income’, which has helped it achieve its highest-ever quarterly profit.
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After record Q1 profit, IndiGo braces for a weak Q2
Given that all airlines in India have replaced the capacity vacated by Jet Airways, a low-fare environment has set into the crucial 0-15 day booking period which would add pressure on revenues
Domestic passenger traffic rebounds in May
India’s aviation sector reported a modest 2.8% YoY growth in passenger traffic in May, as Indian airlines added capacity led by budget-airline SpiceJet.
Jet Airways in search of a new flight path
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
Jet Airways: One man’s pain is another’s gain
The last two trading days saw Jet Airways’ stock plummet, while that of its competitors—SpiceJet and IndiGo—touched a 52-week high on Thursday.
Tata Group’s moment of reckoning in the skies
Five years after it made its formal return to aviation, Tata Group finds itself facing a conundrum. Does it choose a complex merger with Jet Airways or be patient and grow organically?
SpiceJet operates India’s first biofuel flight
SpiceJet plans to operate 25% of its flights using biofuel, most probably on short-haul routes, and the rest on traditional jet fuel.
Sector Scan: The skies are turning red again
In 2014, the last time fuel prices were this high, a large airline was brought to the brink of a shutdown. Airlines are bleeding cash once again and the focus is sharply back on cutting costs.
Passenger traffic in Jan-May rises by 22.69% over last year
SpiceJet leads PLF table with 94.5%, followed by IndiGo (91%), and Vistara (85.7%).
Jet Airways aims to reduce non-fuel costs
The airline intends to maximise profit from its code-sharing agreements with foreign carriers such as Etihad and Air France-KLM.
