Daily Archives: November 20, 2012

Jet Airways withdraws from Milan

Just a little over two years, after commencing its Delhi Milan Malpensa service, India’s Jet Airways has announced “temporary suspension” of flights from the Italian market, as per Italian tourism trade website TTG Italia, citing the Eurozone financial crisis. The carrier had reduced the frequency on this route from a daily to five a week just about a month ago. …

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SpiceJet Q2 FY2012~2013 quarterly results financial analysis

Earlier this week, Indian low cost carrier SpiceJet posted a Rs. 163.5 Crore net loss for the second quarter of fiscal year 2012-13. While this represented a 32% better result than the same period last year, it is still a heavily disappointing result, giving the recent surge in the fortunes of India’s airlines after the shut-down of full service carrier …

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