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Tag Archives: Performance

Jet Airways Q3 FY17 results analysis: challenging times ahead

Jet Airways Boeing 737-800 VT-JGA.

Jet Airways reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 156.3 crores, the results were much below expectations and point to structural challenges. The results decline was driven by intense competition in the market, consistent fare sales and aggressive capacity addition – all of which added to …

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Indigo Q2 fiscal 2017 results analysis – Capacity affects yields and profits

IndiGo first A320neo VT-ITC touches down at New Delhi's IGI airport after a non-stop flight from Toulouse, France

IndiGo reported its second quarter (ending September 30) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 139.8 crores, the results yet again failed to meet analysts’ expectations. As reported earlier, intense competition in the market, consistent fare sales and aggressive capacity addition have added to the revenue pressures. Key numbers Passenger Revenue – Rs. …

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SpiceJet Q1FY17 results analysis

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

SpiceJetJet reported numbers for the first quarter and the earnings did not disappoint. For the quarter ending 30 June 2016, the airline reported a net profit of INR 149 crores with the same fleet as the previous quarter. The impact on the share prices was almost immediate with almost a 20% rise to INR 67.7 per share. An analysis of …

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Jet Airways Q1 FY2017 results analysis – headwinds and turbulence likely

Jet Airways Boeing 777-300ER VT-JEG performing flight 9W117 from London approaches Mumbai airport

Jet Airways reported results on August 12th with a net profit of Rs 103.1 crores on revenues of Rs 5,112 crores for the first quarter of fiscal year 2016-17 (FY17). The results indicate several challenges and highlights are as below: Operational performance The quarter saw an overall capacity increase of 3.8% compared to the same quarter last year, when measured …

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Indigo first quarter FY2017 results analysis – profitable but challenges loom

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

India’s largest domestic airline IndiGo, reported its first quarter results for the FY2017. With earnings of Rs 591.8 crores, the results yet again failed to meet analysts’ expectations bringing down its stock price from Rs 994.9 on August 1, to Rs 865.2 on August 3, 2016. Capacity increase outpacing passenger volumes impacting operational performance For the first quarter of fiscal …

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Jet Airways Q4 and full year 2015-16 results and performance analysis

Jet Airways Boeing 737-700 VT-JNS at Bengaluru Kempegowda airport

Jet Airways recently reported numbers for the quarter and the year. For the fourth quarter ending 31 March 2016, the airline reported an impressive net profit of Rs 3,972 million and for the year a net profit of INR 11,733 million. After extensive research into qualitative and quantitative details an analysis is presented below: Strategic shift Jet has moved away …

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SpiceJet’s record profits & turn-around. Fiscal 15-16 results analysis

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

SpiceJet has reported its highest ever profit of Rs 407 crores for the financial year ending 31 March 2016. For the quarter ending 31 March 2016, the airline reported a net profit of Rs 73 crores. Strong performance indeed, considering that the airline had reported a loss of Rs 687 crores for the last financial year. Operational performance A look …

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IndiGo continues to impress with Q4 and full year FY2016 results

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

India’s largest domestic airline Indigo, continued to impress with its fourth quarter fiscal 2016 and full year fiscal 2016 earnings reported last Friday. For the full financial year ending March 2016, Indigo reported: Revenues of Rs 16,601 crore Net profit of Rs 1,990 crore for FY16 (53% increase YOY) Cash on hand: Rs 6,046 crores (Rs 2,262 free cash, balance restricted) …

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Jet Airways Q3FY16 analysis – good results, structural challenges remain

Jet Airways Boeing 737-800 VT-JGA.

Jet Airways reported their highest ever quarterly profits of Rs 467 crores for fiscal 2015-16 third quarter ending December 2015. The key metrics were trending in the right direction; yet, the structural challenges at Jet Airways remain and require close monitoring. Operational performance Operationally, Jet has clocked a utilisation of more than 13 hours, which is phenomenal by any standards, …

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Indian airlines’ 2015 annual review – IndiGo, Vistara, and Spicejet the leaders

The nightly aircraft line-up tail parade at the apron of Kempegowda International Airport Bangalore

Which is the best airline in India? To which we would say, “by what measure?” An analysis of the DGCA’s data on domestic air travel shows some interesting and contradicting results. The biggest airline by number of passengers is IndiGo. The most punctual airline is Vistara. Spicejet had its aircraft filled the most, but it is also the leader in …

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Jet Airways’ Q2 FY2016 profits still reflect some concerns

Jet Airways Airbus A330-300 VT-JWQ. Image copyright Vedant Agarwal.

Jet Airways recently reported results for the second quarter (July – Sept).  Profit for the quarter was at 87.5 crores however, that does not give the complete picture. Analysed further the numbers bring up several trends. Lower fuel prices have helped bring down costs significantly Jet Airways CASK (cost per available seat kilometre) is in the range of Rs 4.14 …

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Infographics: India domestic airlines’ performance for August 2015

A view of the ramp at Bangalore Airport.

We bring you another instalment of infographics showing historic performance over the last 12 months, of India’s domestic air passenger market as of August 2015. Infographics are based on data published by India’s civil aviation regulator, the DGCA. We encourage you to study all the infographics, and then help us answer “The SpiceJet Conundrum” posed at the end of page. …

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Independent analysis of Jet Airways Q1 fiscal 2015-2016 performance

Jet Airways Airbus A330-300 VT-JWQ. Image copyright Vedant Agarwal.

The below analysis has been performed by an aviation consultant and industry professional completely independently of Bangalore Aviation. The views expressed are not ours. – Editor Jet Airways reported a profit of INR 2,217 million or USD 35 million for the 1st quarter of FY16. The results are fairly interesting when one looks at RASK and CASK comparisons that show …

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Infographics: Domestic performance of Indian carriers over last 12 months

The nightly aircraft line-up tail parade at the apron of Kempegowda International Airport Bangalore

Bangalore Aviation has produced a set of graphics which provide significant insight in the domestic operating performance of Indian carriers for the last 12 months. The source data is obtained from India’s regulator The Directorate General of Civil Aviation. On time performance One of the key selling points of IndiGo, India’s largest domestic airline, is, on time performance (OTP). As …

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Jet Airways Q2 FY 2014-2015 results analysis

Jet Airways' Boeing 737-800 VT-JBD

by Ameya Joshi Jet Airways, India’s largest private airline reported its third quarter fiscal year 2014-15 (FY2015) results on February 6, 2015, reporting a wafer thin operating profit after seven consecutive quarters. The airline moved to full service operations in December 2014 and the quarter reflected a mix of full service and low cost operations. Wafer thin profits The airline …

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Graphical analysis of India’s domestic air traffic in 2014

The nightly aircraft line-up tail parade at the apron of Kempegowda International Airport Bangalore

Keeping in line with the weak economic growth in India, domestic air passenger traffic grew a tepid 9.7% during 2014. In 2013 61.426 million passengers travelled, which grew to 67.383 million. Monthly data and info-graphics December is the peak month for travel in India, both international and domestic. As the stacked monthly graph shows, in December 6.44 million (64.4 lakhs) …

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Infographic: Air India break-up of expenditure 2013-14

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

Based on the statement of the Indian Minister of State for civil aviation to the Indian parliament we have produced this graph showing the expenses of Air India for the fiscal year that ended March 31, 2014. Total expenditure for the year 2013-14 was Rs 25,050.60 crores (approximately $ 4.04 billion) against a total passenger revenue of Rs 15,551.79 and …

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Analysis: Operational profit eludes Jet Airways in Q2 FY2015, outlook positive

Jet Airways' Boeing 737-800 VT-JBD

Jet Airways, India’s largest private airline recently announced results for the second quarter (Q2) and the half-year (1H) for fiscal 2014~2015. The results were the first after a joint announcement with 24% stake holder Etihad Airways PJSC about the airline ceasing operations of its low cost JetKonnect brand exiting the segment. The Jet Group operates two airline operator licenses. 9W …

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