Tuesday , 22 August 2017
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Analysis: Spicejet first quarter FY2018 results. Several items of concern.

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Spicejet’s results for the first quarter of fiscal year 2017-18 were a mixed bag, and we find several items of concern. Bangalore Aviation presents an analysis of the numbers: Results snapshot (all figures in Indian Rupees) Revenues 2,068 crores Costs 1,714 crores EBITDAR 479 crores Profit before tax 177 crores Profit after tax 178 crores Revenue per available seat kilometre …

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Analysis: IndiGo first quarter FY2018 results and fleet, plans, and strategy

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

India’s largest domestic carrier, IndiGo, reported its first quarter results of the fiscal year 2017-2018 (Q1FY18) yesterday. It was a strong result but perhaps what was different this time, were details on its fleet, international expansion plans and strategic direction, the airline shared. Bangalore Aviation is the first to report on and analyse these comprehensive issues. IndiGo Q1FY18 results snapshot …

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Lounge Review: Above Ground Level lounge Bangalore Kempegowda airport

On my Air India trip from Bangalore to London, I finally used the Above Ground Level (AGL) lounge on the domestic side of Bangalore airport. The AGL lounge is located right beside the Plaza premium lounge just after security. The lounge is also located on the mezzanine right beside the Plaza lounge. However unlike the Plaza lounge this lounge does …

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Air India hurts itself by withdrawing non-veg economy meal option

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

In another demonstration of why Government should not be involved in the operations of national carrier Air India, Air India Chairman and Managing Director Ashwani Lohani announced the discontinuation of serving non-vegetarian meals in the economy class on all domestic flights. The disclosure made in an interview with The Hindu newspaper invited swift reaction, much of it negative, by many, …

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Unconvinced by IndiGo’s bid for Air India

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

Indigo’s analyst call on 6th July was scheduled to allay investor concerns about the new direction the airline was taking after submitting the unsolicited bid for Air India. One of the founders admitted, that without numbers, it was like “going to a corporate board meeting in a swim suit” and we wholeheartedly agree. If anything it added to the confusion …

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Etihad Airways eliminates free chauffeur service for premium passengers

Etihad Chauffeur Service

Abu Dhabi-based Etihad Airways is eliminating its complimentary chauffeur service for its business and first class passengers at all its international destinations. A paid option “at specially negotiated rates” will replace the free service. Economy class passengers can also avail the new paid service, and Etihad Guest members will accrue frequent flier points. The cutback is part of a series …

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Jet Airways adds Air France, KLM, Delta code-shares on new flights

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

Jet Airways is enhancing its existing code-share agreements with Air France, KLM Royal Dutch Airlines, and Delta Air Lines. All three foreign carriers are anchor members of the Skyteam alliance. The Indian carrier will place code-shares of the three Skyteam airlines on its new flights between Mumbai Paris, Chennai Paris, Bangalore Amsterdam, and its third Mumbai London Heathrow flight. Air …

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Inflight Review: Malaysia Airlines: Economy: 737-800: Bangalore – Singapore

This was my first trip on Malaysia Airlines and my first international flight out of India on a narrow body in eight years. Why not fly Bangalore to Singapore direct instead of the roundabout Bangalore – Kuala Lumpur – Singapore?  I am a oneworld frequent flier and Malaysia Airlines is a member of the alliance. The other option would have …

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Spicejet to buy 40 Boeing 737 MAX 10s

Low cost carrier SpiceJet has signed a memorandum of understanding with Boeing for 40 737 MAX airplanes at the 2017 Paris airshow which kicked off today. The deal, valued at $4.74 billion at current list prices, includes 20 new orders for 737 MAX 10’s and converts 20 of the carriers existing MAX 8 orders to MAX 10’s. With this order …

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Spicejet Q4FY17 results analysis

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

Spicejet reported the fourth quarter of fiscal year 2016-2017 results on June 3, 2017, a Saturday, not a working day for the financial markets. The timing of the results announcement was as interesting as the results themselves. Overall, the results were below analyst expectations and are reflective of the intensely competitive fare and capacity environment in Indian aviation. Key financial …

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GVK exits Bangalore airport. To focus on Mumbai airports.

The main passenger terminal building at Bangalore Airport.

Debt burdened GVK Power and Infrastructure Ltd will sell the last of its stake in Bengaluru International Airport Ltd. (BIAL), approximately ten per cent, to Fairfax India Holdings, for Rs. 1,290 crore (about $200 million). BIAL is the operator of the Kempegowda International Airport. In an announcement to the stock exchange the company said “This is to inform you that …

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Pictures of Vistara A320neo first commercial flight

The Tata Singapore Airlines joint venture Vistara operated the inaugural flight of their brand new Airbus A320neo from New Delhi to Bangalore yesterday morning as flight UK811. The aircraft registered VT-TNB features slight changes in the livery including the Vistara star and A320neo branding on the belly, and a banner along the upper fuselage. Like national carrier Air India, Vistara’s …

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Jet Airways adds third Mumbai London Heathrow flight. Good USA connections.

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

India’s largest private airline, Jet Airways has announced a third flight on the strategic Mumbai London Heathrow route, starting from the winter schedule which commences October 29th. Flight schedule 9W116 departs Mumbai at 09:05 and arrives London Heathrow 13:35. 9W115 departs London Heathrow at 15:30 and arrives Mumbai 05:55 the next morning. The flight will be operated by a three …

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Analysis: Why did IndiGo decide to introduce ATR72’s in to its fleet?

IndiGo_A320 classic VT-INT. Photo: Devesh Agarwal.

Earlier this month, on the 9th of May, India’s largest domestic airline Indigo, announced that they had signed a term-sheet with French turbo-prop airframer ATR, for the induction of 50 ATR72-600 regional aircraft. The announcement caught the aviation and investment community completely by surprise. Since its inception 12 years ago in 2005, IndiGo had slavishly adhered to the “one airframe …

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