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Daily Archives: July 25, 2012

India’s civil aviation ministry refutes favouritism allegations by IndiGo promoters

A few days ago, Mr. Rahul Bhatia, co-promoter of Indian low cost carrier IndiGo, stated in public, grievances, that many in the Indian airline industry believe in private. That the government is not behaving in a fair manner and keeping alive national carrier Air India on life support with massive bailouts of public money, preferential treatment in route allocation, etc. …

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SpiceJet Fiscal Year 11-12 Financial Analysis – Too much growth and high fuel prices offset strong cost discipline

As with all of the Indian airlines, Delhi based low cost carrier SpiceJet faced disappointing financial results in the fourth quarter and full year of fiscal year 2012, posting a net loss of Rs. 605.8 Crore for FY 11-12 and Rs. 249.2 for Q4. After large net losses at India’s two other publicly traded carriers Kingfisher and Jet Airways, SpiceJet’s …

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